All posts tagged "CFT"
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746FeatureHong Kong Passes Limited Partnership Fund Bill
The limited partnership fund regime is aimed at attracting private equity, real estate, and venture capital funds to set up and operate in Hong Kong.
July 12, 2020 -
1.1KAML / KYCFATF Highlights Progress to Adopt AML Standards for Virtual Assets
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
July 8, 2020 -
560AML / KYCBCBS Updates AML Guidance to Advance Supervisory Cooperation
Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.
July 2, 2020 -
1.0KAML / KYCNew FATF President Presents Objectives For Two-Year Term
FATF President Marcus Pleyer will prioritise work on digital transformation, racially motivated terrorism, migrant smuggling, environmental crime, and illicit arms trafficking.
July 2, 2020 -
1.2KAML / KYCBNM e-KYC Policy for Customer Onboarding Takes Effect
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
July 1, 2020 -
362AML / KYC
FATF Progresses Key Initiatives at June 2020 Plenary
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
July 1, 2020 -
268AML / KYCFMA Sues CLSA New Zealand for AML Breaches
CLSA Premium NZ failed to adequately conduct customer due diligence, terminate certain business relationships, report suspicious transactions, and maintain records.
June 24, 2020 -
533AML / KYCSFC Fines Guotai Junan Securities for AML and Other Breaches
Guotai Junan Securities was fined for regulatory breaches in connection with AML, third party fund transfers, placing activities, and wash trade detection and reporting.
June 22, 2020 -
1.3KAML / KYCSri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster
A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF's grey list, says Duruthu Chandrasekera.
June 22, 2020 -
806AML / KYCHKMA Spotlights RegTech Use to Implement AML/CFT Measures
The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
June 16, 2020
