All posts tagged "AML"
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634AML / KYCFinancial Crime Country Lists in a Fragmenting World Order
Those that promote lists of countries that are slow to tackle financial crime must work harder to exclude politics and prove their integrity and value, says RUSI's Tom Keatinge.
October 30, 2020 -
1.0KFintech / RegtechMalaysia’s Guidelines on Digital Assets Enter Into Force
The Securities Commission invites parties interested in registering as IEO platform operators or digital asset custodians to start submitting their applications.
October 29, 2020 -
523AML / KYCPBOC Issues Draft AML Rules for Beijing Real Estate Sector
The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
October 27, 2020 -
1.0KAML / KYCChina Issues AML/CTF Guidelines for Microfinance Institutions
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
October 27, 2020 -
2.0KAML / KYCFATF to Drive Digital Transformation of AML/CFT Systems
Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.
October 26, 2020 -
1.2KAML / KYCAUSTRAC Wants Lawyers, Accountants Under its AML Remit
AUSTRAC chief Nicole Rose expressed concerns that professional facilitators are being used to evade money laundering detection.
October 23, 2020 -
589China
PBOC Fines Six Bank Branches for Customer Data Rights Breaches
The $6mn in penalties against state-owned banks follows last week's unveiling of what will be China's first unified piece of national legislation on the protection of personal data.
October 23, 2020 -
675AML / KYCGoldman Resolves Remaining 1MDB Charges for $2.9bn
Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.
October 23, 2020 -
901AML / KYCHong Kong Banks Asked to File STRs for Suspected NSL Breaches
According to updated HKMA guidance, suspected breaches of the national security law should be treated the same as AML/CFT violations and be reported to the JFIU as STRs.
October 21, 2020 -
618AML / KYCAUSTRAC Launches AML Investigation into Crown Resorts
The probe is related to Crown's use of casino junkets to bring wealthy gamblers to its Melbourne casinos and possible non-compliance with due diligence and AML requirements.
October 21, 2020
