All posts tagged "CFT"
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148AML / KYCHKMA Issues Guide for Regtech Adoption in Customer Monitoring
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021 -
91AML / KYCEuropean Commission Presents Package of AML/CFT Reforms
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
July 23, 2021 -
207AML / KYCJapan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
89AML / KYCMAS, ABS Working to Improve Safeguards Against Scams – Reports
A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021 -
94AML / KYCNew Zealand to Update AML/CFT Regulations
Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.
July 14, 2021 -
255AML / KYCMAS Proposes Additional AML/CFT Requirements for FIs
MAS proposes requirements for dealings in precious stones and metals, transactions involving digital payment tokens, and customers that may be considered higher risk shell companies.
July 13, 2021 -
78AML / KYCNZ Issues AML/CFT Advisory On Sight Unseen Property Purchases
Sight unseen real estate purchases are an attractive method of money laundering and terrorism financing, the Department of Internal Affairs says.
July 13, 2021 -
140AML / KYCBNM Allows MSBs to Onboard Corporate Customers Remotely
A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.
July 12, 2021 -
96AML / KYCSFC Fines Yardley Securities CEO for AML/CFT Breaches
The processing and approval of suspicious third party fund transfers were attributable to the CEO's failures to discharge his duties, the SFC said.
July 6, 2021 -
78AML / KYCFinCEN Publishes First Government-wide AML/CFT Priorities
FinCEN will publish new rules within 6 months reflecting the priorities, which identify the most significant AML/CFT threats currently facing the US.
July 6, 2021
