All posts tagged "Beneficial Owners"
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560AML / KYCSEBI’s Meets Opposition from Global Funds on KYC Requirements
Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.
March 12, 2019 -
843AML / KYCTaiwan to Ease AML Requirements for Low Risk Clients
The majority of banks' clients pose low money laundering risks, and should not be subject to the same level of scrutiny as high risk clients, said FSC chairman Wellington Koo.
January 3, 2019 -
486AML / 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 -
847EnforcementSFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct
The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.
October 10, 2018 -
320AML / KYC
SEBI Relaxes KYC Norms for Indian Beneficial Owners of FPIs
The latest circular allows Indians living overseas to hold only a non-controlling stake in an FPI entity, but permits them to fully control the investment manager in charge of its assets.
September 26, 2018 -
408AML / KYC
SFC 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 -
240AML / KYCMAS Hits Former Credit Suisse Banker with Prohibition Orders
Former representative deliberately concealed identity of beneficial owner on three accounts, making it difficult for the bank to monitor and detect suspicious transactions.
May 7, 2018 -
236AML / KYC
India Issues New Beneficial Ownership, KYC Norms for Foreign Investors
Indian securities regulator specifies a narrow definition and identification of beneficial ownership for foreign investors into India and establishes new KYC norms.
April 12, 2018 -
251AML / KYC
SEBI Issues Clarifications on New Foreign Investor Norms
Foreign Portfolio Investors should not be Indian residents, non-resident Indians or overseas citizens of India; must be from AML/CTF compliant jurisdictions.
March 15, 2018
