All posts tagged "CFT"
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164AML / KYCHKMA Publishes Cases Studies on AML/CFT Regtech Adoption
New report details case studies and insights from banks that have implemented technologies to enhance the efficiency and effectiveness of their AML/CFT efforts.
January 22, 2021 -
340AML / KYCSingapore Money Remittance Sector Poses High TF Risk: MAS
Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
January 12, 2021 -
150Fintech / RegtechUS Regulators Call for Responsible Stablecoin Design, Operation
Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.
December 31, 2020 -
158AML / 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 -
285AML / KYC
SFC Directs Senior Managers to Correct AML/CFT Deficiencies
The SFC found deficiencies in areas including oversight, internal controls, risk assessments, third party deposits, SoW/SoF checks, and sanctions screening, among others.
December 2, 2020 -
743AML / KYCRBNZ Investigates Two Banks Over AML Compliance
The RBNZ is also looking into compliance issues eight banks have identified with transaction reporting requirements over the past six months.
November 27, 2020 -
1.3KAML / 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 -
1.3KAML / KYCFinancial Crime Country Lists in a Fragmenting World Order
Those that promote lists of countries that are slow to tackle financial crime must work harder to exclude politics and prove their integrity and value, says RUSI's Tom Keatinge.
October 30, 2020 -
2.5KAML / KYCFATF to Drive Digital Transformation of AML/CFT Systems
Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.
October 26, 2020 -
1.2KAML / KYC
Hong Kong Banks Asked to File STRs for Suspected NSL Breaches
According to updated HKMA guidance, suspected breaches of the national security law should be treated the same as AML/CFT violations and be reported to the JFIU as STRs.
October 21, 2020
