All posts tagged "CFT"
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493AML / KYCSingapore Re-Rated on Four FATF Recommendations
Singapore is still rated 'partially compliant' on three FATF Recommendations for technical compliance, and will remain in enhanced follow-up.
November 19, 2019 -
231AML / KYCInaugural FATF Supervisors’ Forum Meets in China
The Supervisors’ Forum brought together supervisors from over forty countries to discuss ways in which oversight on ML/TF risks can be enhanced.
November 14, 2019 -
828AML / KYCChina Ramped Up AML/CTF Enforcement in 2018, PBOC Report Shows
Enforcement of AML/CTF rules increased in 2018, evidenced by a 41% increase in fines levied. Firms in non-financial sectors have also been brought under the PBOC’s AML/CTF supervision ambit.
November 14, 2019 -
330AML / KYCBCBS Seeks Cooperation Between Prudential and AML Supervisors
The BCBS says different supervisory functions should exchange information and cooperate both domestically and across borders, regardless of the institutional setting.
November 13, 2019 -
504AML / KYCBCBS Updates AML/CFT Guidance for Correspondent Banking
The revisions update the list of risk indicators banks should use to conduct risk assessments and specify conditions for using KYC utilities for obtaining customer information.
November 11, 2019 -
531AML / KYCMalaysia Proposes Cash Payment Limit to Curb Financial Crime
The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.
November 8, 2019 -
1.8KAML / KYCSFC Unveils Regulatory Framework for Crypto Exchanges
Under the new framework, announced at Hong Kong Fintech Week, platform operators that offer trading in virtual assets classified as securities may seek Type 1 and Type 7 licences from the SFC.
November 7, 2019 -
555Capital RegulationSingapore Banking Amendment Bill Introduced in Parliament
The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.
November 5, 2019 -
1.1KAML / KYCFATF Issues Draft Guidance on Digital Identity Systems
The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.
November 1, 2019 -
434AML / KYCAUSTRAC: Mutual Banks Face High Money Laundering Risk
Mutual banks are vulnerable to money laundering due to their high exposure to cash transactions, non-face-to-face service delivery, and outsourcing of AML compliance processes.
October 31, 2019
