All posts tagged "beneficial ownership"
-
319AML / KYCUS Treasury Issues 2020 National Strategy for Combatting Illicit Finance
The document highlights increased transparency, an improved supervisory framework for FIs, and enhanced operational capabilities as three strategic priorities for the US AML/CFT regime.
February 10, 2020 -
399AML / KYCNew Zealand Police Releases AML/CTF Assessment
NZ Police assessment identified trusts as attractive money laundering vehicles given government plans to exclude them from strengthened beneficial ownership disclosure regime
December 4, 2019 -
551AML / KYCOECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’
Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.
December 2, 2019 -
770AML / KYCSingapore Re-Rated on Four FATF Recommendations
Singapore is still rated 'partially compliant' on three FATF Recommendations for technical compliance, and will remain in enhanced follow-up.
November 19, 2019 -
784AML / KYCFATF Issues Best Practice Paper on Beneficial Ownership
FATF mutual evaluations have shown that many jurisdictions are still finding it challenging to ensure transparency of ownership of legal persons.
October 29, 2019 -
1.4KAML / KYCFATF Releases Mutual Evaluation Report for Hong Kong
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
September 4, 2019 -
715Capital RegulationPBOC Issues Draft Rules for Financial Holding Companies
Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.
July 29, 2019 -
663AML / KYCFATF Finalises AML/CFT Guidance for Service Providers
New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.
July 1, 2019 -
823AML / KYC
Automatic Exchange of Information is Working, Says OECD
New data from the OECD indicates that Hong Kong and Singapore are adhering to tighter global standards on tax transparency.
June 13, 2019 -
1.9KAML / KYCHong Kong, China Framework Comparison – KYC Standards
Given the similarities between Hong Kong and China's KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
May 23, 2019
