All posts tagged "Congress"
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34AML / KYCPhilippine SEC Backs Amendments to Bank Secrecy Law
Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.
June 21, 2021 -
120AML / KYCPhilippines: 26 Groups Jointly Call for Easing of Bank Secrecy Law
The groups say the Philippines lags the world on bank secrecy and allows politicians and other government officials to hide unexplained wealth.
June 2, 2021 -
269AML / KYCUS Sanctions 24 Officials Over Hong Kong Electoral Changes
Foreign financial institutions that knowingly conduct significant transactions with the 24 individuals are subject to sanctions.
March 19, 2021 -
297Asia-PacificUS Treasury Labels Vietnam, Switzerland as Currency Manipulators
Taiwan, Thailand, and India have been added to Treasury's monitoring list. Singapore intervened in the foreign exchange market in a "sustained, asymmetric manner".
December 18, 2020 -
564AML / KYCUS Congress Includes Corporate Transparency in Defence Bill
The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.
December 8, 2020 -
662AML / KYCTrump Executive Order Opens China to Sanctions Over Hong Kong
Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.
July 15, 2020 -
2.2KAML / KYC
Hong Kong Autonomy Act Advances in US Congress
Once signed into law, the Act will authorise the use of sanctions against individuals, entities and financial institutions in response to China's new national security law for Hong Kong.
June 26, 2020 -
620ChinaUS State Dept Declares Hong Kong No Longer Autonomous
The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.
May 28, 2020
