All posts tagged "AMLO"
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1.4KAML / KYCHong Kong is Moving to a Robust Regulatory Framework for Crypto
Etelka Bogardi and Amy Chung say Hong Kong's efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.
April 20, 2022 -
411AML / KYCBOT Extends Deadline for PayPal’s AML Compliance to Year-End
PayPal was scheduled to suspend most services for Thai consumers from 7 March as part of a relaunch of its services to comply with local regulations.
March 8, 2022 -
1.1KAML / KYCThe SFC Approach to Virtual Assets Prioritises Investor Protection
Since 2018, the steps taken by the SFC to regulate the virtual asset space have prioritised investor protection, first and foremost.
March 1, 2022 -
1.1KAML / KYCHK Gov Issues Discussion Paper on Proposed VASP Regime
Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.
February 11, 2022 -
1.2KAML / KYCHKMA Penalises Four Banks for AML Violations
ICBC (Asia), UBS, CCB (Asia) and CTBC Bank were fined a combined HK$44.2mn for deficiencies in customer monitoring, periodic reviews and due diligence.
November 22, 2021 -
968AML / KYCHong Kong’s Proposed Licensing Regime for VASPs
Dechert partner Michael Wong looks at the potential impact of Hong Kong’s newly proposed licensing regime for virtual asset service providers.
June 7, 2021 -
1.6KAML / KYCHong Kong to Bar Retail Investors from Crypto Trading
Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.
May 24, 2021 -
351AML / KYCThailand to Tighten Crypto Exchange Account Opening Rules
Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.
May 6, 2021 -
356AML / KYCSFC to Require OFCs to Appoint Responsible Person for AML
The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.
December 24, 2020 -
1.9KAML / KYCHKMA Issues Guidance on Remote Onboarding of Corporate Clients
Onboarding processes should be designed reflecting the principle that CDD is not merely a document collection exercise, the HKMA says.
September 25, 2020
