The RBNZ is also looking into compliance issues eight banks have identified with transaction reporting requirements over the past six months.
November 27, 2020The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.
November 22, 2020JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.
November 19, 2020Norton Rose Fulbright’s Jeremy Moller highlights the advantages of regulating legal, accounting and real estate services under Australia’s AML laws, sooner rather than later.
November 19, 2020The BSP should be granted "unimpaired access" to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.
November 18, 2020Based on the risk assessment, the SEC will implement "the most appropriate mitigation measures" to manage money laundering and terrorist financing risks.
November 17, 2020By adjusting their onboarding processes, FIs can enhance their client experience, reduce costs and pave the way for new cross border services, explains GLEIF CEO Stephan Wolf.
November 13, 2020The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.
November 12, 2020An unprecedented amount of AML/CTF information will be provided to industry in the next 6-12 months, says AUSTRAC's David Hawkins.
November 9, 2020In its latest enforcement report, MAS highlights its work to strengthen early detection of market misconduct, including through Apollo, an augmented intelligence system.
November 5, 2020