All posts tagged "CDD"
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115AML / KYCFinCEN Consults on Beneficial Ownership Reporting Requirement
FinCEN is asking for written comments on the implementation of the beneficial ownership information reporting of the Corporate Transparency Act.
April 8, 2021 -
329AML / KYCMAS Offers New AML/CFT Guidance for VASPs
MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
March 29, 2021 -
269AML / 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 -
569AML / KYCFATF Consults on AML/CTF Frictions in Cross-border Payments
The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.
December 2, 2020 -
1.4KAML / KYCSouth Pacific Nations Complete First Phase of KYC Facility Project
The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.
November 22, 2020 -
1.4KAML / KYCFSB Publishes Roadmap on Enhancing Cross-Border Payments
The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.
October 13, 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 -
1.3KAML / KYCCovid-19 Presents Opportunity to Disrupt Criminals: APG
In its latest typologies report, the APG says Covid-19 may provide a unique opportunity for law enforcement and FIUs to detect and disrupt certain money laundering operations.
September 21, 2020 -
1.0KAML / KYC
HKMA Issues Revised AML/CFT Guideline for SVF Licensees
SVF licensees are given until 2 July 2021 to implement appropriate measures consistent with the revised guideline, which includes guidance on remote on-boarding.
September 21, 2020 -
446AML / KYC
SFC Revises AML/CFT Guidelines for Securities Sector
The proposed amendments seek to align the SFC's guidelines with the FATF guidance for adopting a risk-based approach in the securities sector.
September 21, 2020
