All posts tagged "Correspondent Banking"
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401AML / KYCAUSTRAC Publishes Regulatory Guides on Strengthen AML Controls
The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.
March 31, 2021 -
589AML / KYCFATF to Study Unintended Consequences of the FATF Standards
The project will study issues such as de-risking, financial exclusion, the suppression of the NPO sector and threats to fundamental human rights.
March 18, 2021 -
358AML / KYC
AUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms
The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.
January 28, 2021 -
734AML / KYCAnti-Money Laundering a Priority for Incoming Treasury Secretary Yellen
Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.
January 25, 2021 -
659AML / 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 -
409AML / KYCAustralia: AML Bill Passes Senate, DNFBP Amendment Rejected
An AML bill introduced last October has passed the Senate but without last month's amendment to include real estate agents, accountants, lawyers.
December 14, 2020 -
1.5KFeatureMAS On Track to Award Digital Bank Licences by Year-End
Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.
November 27, 2020 -
1.4KAML / 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 -
1.8KFeature
HKMA Seeks ‘Multi-CBDC Platform’ to Enhance Cross-border Payments
Project Inthanon-LionRock with the BOT is entering its second phase, which will have participation from HKEX, 19 banks, and five corporates.
November 5, 2020 -
1.2KAML / KYCWestpac, AUSTRAC Agree A$1.3bn Penalty for AML Breaches
If the Federal Court of Australia determines the penalty is appropriate, it will represent the largest ever civil penalty in Australian history.
September 24, 2020
