All posts tagged "CFT"
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1.5KBig 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 -
428AML / 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 -
951AML / 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 -
1.3KAML / KYCMAS Consults on AML/CFT Notices for Payment Services
The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.
June 7, 2019 -
451Hong KongSFC Asks Licensed Firms to Review Controls on Third-Party Deposits
Senior management will be held accountable for failures to put in place effective policies, procedures and controls for handling third-party deposits and payments.
June 4, 2019 -
533AML / KYCFSB Details Progress to Address Decline in Correspondent Banking
The number of active correspondent banks declined by 3.4% in 2018, bringing the cumulative decline since 2011 to 19.3 percent.
June 3, 2019 -
307AML / KYCBangladesh FIs Report Suspicious Activity at Record Levels
The increase in suspicious activity reported is an indication of the financial industry's commitment to fighting money laundering and terrorism financing.
May 22, 2019 -
1.1KAML / KYC
The Need for a Cross-Sector & Cross-Jurisdictional AML Regime
It's time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
May 16, 2019 -
398AML / KYCNew Zealand FMA Issues AML/CFT Warnings to 10 Reporting Entities
The warnings relate to failures by the firms to comply with requirements to have their risk assessments and AML/CFT programmes audited every two years.
May 14, 2019 -
486AML / KYC
MAS Consults on Proposed Framework for Variable Capital Companies
The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.
May 2, 2019
