All posts tagged "Account Opening"
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958AML / KYCHong Leong Bank Launches Digital Account Opening
Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.
October 9, 2020 -
1.6KFeatureTwo More Virtual Banks Launch in Hong Kong
Ant Bank and Ping An OneConnect Bank launched virtual banks in Hong Kong. Fusion Bank is the only virtual bank that has not yet commenced operations.
October 1, 2020 -
800AML / KYCSri Lanka: CSE Enables Digital ID Verification for Account Opening
The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
September 23, 2020 -
779Asia-Pacific
Colombo Stock Exchange Digitalises Core Operations
Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.
September 18, 2020 -
2.5KAML / KYCSWIFT Details How Cyber Criminals Encash Stolen Funds
In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.
September 4, 2020 -
1.2KFintech / RegtechFSC Taiwan Unveils Three-year Fintech Development Roadmap
The roadmap includes a new fintech examination and licensing system, to be introduced by 2022, and consent-based data sharing as part of an open banking push.
August 31, 2020 -
600EnforcementSFC Imposes Lifetime Ban on Former China Citic Bank Employee
The former relationship manager is said to have falsely represented to customers that an additional fee was needed to open an account with CITIC - which he then pocketed.
August 27, 2020 -
1.0KAML / KYCThailand SEC to Simplify KYC Rules for Low Risk Investment Products
The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.
August 22, 2020 -
1.5KAML / KYCHKMA Issues AML Guidance to Banks As Pandemic Persists
The guidance sets out key practices banks have been using to manage customer due diligence, resource pressure, and emerging threats in the context of Covid-19.
July 30, 2020 -
540AML / KYCHSBC Launches 24/7 Digital Account Opening in Malaysia
The new account opening service is aimed at minimising physical contact in compliance with new social distancing norms due to the Covid-19 pandemic.
July 29, 2020
