All posts tagged "CFT"
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408Asia-PacificBSP Approves Sale of Unit Investment Trust Funds via Third Parties
New rule amendments allow trust corporations to offer their investment products through third-party distributors, including individual and institutional agents.
September 27, 2020 -
1.1KAML / 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 -
44AML / KYCWestpac, AUSTRAC Close to Settlement Over AML Breaches
The final penalty amount, which could reach as high as A$1.5bn, is expected to be announced at a joint press conference in coming days.
September 24, 2020 -
224AML / KYCPakistan Passes Three More FATF-related Bills
A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan's progress next month.
September 22, 2020 -
661AML / 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 -
189AML / KYCSFC 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 -
1.0KAML / KYCEBA Calls for Harmonised AML/CFT Framework Across EU
Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.
September 11, 2020 -
380Feature
SFC to Enhance OFC Regime to Level Playing Field
The SFC will remove investment restrictions, expand custodian eligibility requirements, and introduce a statutory re-domiciliation mechanism.
September 3, 2020 -
355AML / KYCPakistan Issues Consolidated List of Sanctioned Individuals, Entities
The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.
August 23, 2020 -
1.6KAML / KYCPEPs in the Limelight: Three Components to Mitigate Risk
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
August 20, 2020
