All posts tagged "AMLO"
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50AML / 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 -
280AML / 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 -
1.6KAML / 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 -
729AML / KYCThailand Cabinet Approves Draft AML Regulations
Under the rules, financial institutions will be required to obtain additional source of funds information from customers for cross-border transfers exceeding 50,000 baht.
October 8, 2019 -
789Asia-PacificThailand to Mandate Extra Reporting Rule for Digital Asset Trades
Digital asset exchanges will have to report all trades exceeding 5 million baht to commercial banks, which will then report the transactions to the Thailand's Anti-Money Laundering Office.
July 19, 2019 -
1.5KAML / KYCJPMorgan Hong Kong Fined for Inadequate AML/CTF Controls
An HKMA investigation found that JPMorgan Hong Kong failed to establish and maintain effective controls for handling wire transfers, conducting CDD and monitoring business relationships.
December 30, 2018 -
823AML / KYCTaiwan’s Progress Impresses APG, Despite Some Shortcomings
The APG was reportedly impressed by Taiwan's performance during its third round of mutual evaluations, which concluded last week.
November 19, 2018 -
650AML / KYCSFC Urges Licensed Firms To Strengthen AML/CFT Measures
Hong Kong firms need to step up AML/CFT compliance keeping in mind deficiencies and gaps found during the regulator’s thematic reviews and on-site exceptions.
September 3, 2018 -
1.2KAML / KYCHKMA Reprimands, Fines Shanghai Commercial Bank for AML/CFT Failures
The bank was fined HK$5mn for ineffective procedures for continuous monitoring of business relationships and due diligence on pre-existing customers.
August 20, 2018 -
673AML / KYCWhy Hong Kong’s New Trust Rules Won’t Boost AML/CTF Efforts
Rather than comply with new rules on beneficial owner registration and due diligence, many trusts are likely to simply leave Hong Kong for less onerous jurisdictions.
March 1, 2018
