All posts tagged "CFT"
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517AML / KYCSFC Asks Licensed Firms to Bolster AML/CTF Compliance
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
September 9, 2019 -
1.1KAML / 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 -
2.5KAML / KYCBNM to Enforce AML Compliance at Law Firms in 2020
BNM assistant governor Encik Adnan Zaylani Mohamad Zahid warns that enforcement action will be taken against legal professionals for AML non-compliance starting in 2020.
August 30, 2019 -
633AML / KYCAPG: Good Progress from Taiwan; Pakistan Falls to ‘Enhanced Follow-up’
The APG has adopted mutual evaluation reports for the Philippines, China, Hong Kong, Pakistan, Taiwan and the Solomon Islands – due to be published in October.
August 26, 2019 -
534AML / KYCSingapore Crypto Sector Consults on AML/CFT Code of Practice
The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.
August 16, 2019 -
384UncategorisedMalaysia to Introduce e-KYC for Money Services Businesses
BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.
August 14, 2019 -
1.1KAML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
1.7KBig PictureAsia Ahead of Other Regions in FinTech: IMF
Policymakers are facing a balancing act between keeping up with the pace of fintech development and trying to ensure risks are well understood and mitigated.
July 4, 2019 -
584AML / 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 -
1.1KAML / KYCHKMA Sets Out AML/CFT Best Practices for SME Onboarding
A thematic review has concluded that authorised institutions have in general applied the risk-based approach to AML/CFT measures, but there is room for improvement.
June 17, 2019
