All posts tagged "AML"
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261AML / KYCHong Kong Asked to Bolster Sanctions Enforcement Amid Huawei Dispute
US officials have asked Hong Kong to bolster sanctions enforcement as Huawei's deputy chairwoman stands accused of violating Iran sanctions through a Hong Kong shell company.
December 11, 2018 -
315AML / KYCMalaysia Clarifies Regulatory Treatment of Cryptocurrencies
ICO issuers and digital asset exchanges will be regulated by the Securities Commission and subject to AML/CTF guidelines, as well as BNM laws and regulations relating to payments.
December 7, 2018 -
359AML / KYCG20 Nations Commit to Regulating Cryptocurrencies
G20 nations have signed a joint declaration calling for regulation of crypto assets to combat money laundering and terrorist financing.
December 6, 2018 -
317AML / KYCPhilippine Central Bank Updates Rules on KYC, AML
The BSP will require financial institutions to collect customers' unique 'PhilSys' ID numbers, and allow the use of technology to capture and record personal data.
December 3, 2018 -
562Featured ArticlesSingapore’s First Crypto Litigation Highlights Need for Regulatory Clarity
The outcome of B2C2 v. Quoine could inform regulators’ considerations on the next set of rules for crypto exchanges, which in time may provide greater clarity for investors.
December 3, 2018 -
593AML / KYCSingapore Pushes Data Analytics, Collaboration to Counter Financial Crime
A new report by Singapore's AML/CFT Industry Partnership identifies key weaknesses of current approaches that can be addressed with data analytics and greater industry collaboration.
November 30, 2018 -
327AML / KYCSouth Korean Banks Vulnerable to Money Laundering Risks: FSC
Banks are most exposed to money laundering risks due to the innate characteristics of their products and services, according to an FSC review of the domestic financial industry.
November 29, 2018 -
561AML / KYCOvercoming the Challenges of Cross-Jurisdictional Customer Onboarding
A digital-first approach to customer onboarding can protect companies from internal delays, customer dissatisfaction, hefty regulatory fines and reputational risk, says Claus Christensen.
November 28, 2018 -
521AML / KYCSingapore Toughens Penalties for AML/CTF Offences
Penalties are being raised for AML/CTF offences and failures to file suspicious transaction reports, while Singapore also expands on its arrangements with foreign FIUs.
November 21, 2018 -
430AML / KYC
MAS Payment Services Bill Finalised, Tabled in Parliament
The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.
November 19, 2018
