All posts tagged "AML"
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779AML / KYCNTU Singapore to Develop New Tools to Fight Money Laundering
Supported by the MAS and Singapore's major banks, the project seeks to help wealth managers address money laundering risks with new AI and machine learning capabilities.
August 22, 2019 -
363AML / KYCSingapore Crypto Sector Consults on AML/CFT Code of Practice
The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.
August 16, 2019 -
343Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
408AML / KYCSingapore Shell Companies Vulnerable to Money Laundering: MAS
While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.
August 14, 2019 -
316UncategorisedMalaysia to Introduce e-KYC for Money Services Businesses
BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.
August 14, 2019 -
320FeatureSGX-NSE GIFT City Trading Link Receives Regulatory Approval
The so-called ‘NSE IFSC-SGX Connect’ is set to become operational by end-2020, ending a dispute between the two exchanges.
August 7, 2019 -
1.0KAML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
760Asia-PacificPhilippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
July 19, 2019 -
2.2KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019 -
825AML / KYCUS Authorities Probe Deutsche Bank Dealings With 1MDB
The DOJ probe is looking into whether Deutsche Bank failed to comply with US AML or foreign bribery laws in the course of raising $1.2bn for 1MDB in 2014.
July 13, 2019
