All posts tagged "CRS"
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1.4K1Asia-PacificRegulatory Reporting Pressure in APAC: A 2019 View
In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.
January 9, 2019 -
365AML / KYCHong Kong FIs Share Foreign Tax Resident Data with IRD – Report
Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.
September 12, 2018 -
391AML / KYCTax Law Forces New Zealand Banks to Freeze Accounts
Banks required to find out whether customers are foreign tax residents and report to Inland Revenue; unresponsive customers are having their accounts put on hold.
July 4, 2018 -
220AML / KYC
Foreign Tax Status Disclosures Required by New Zealand Banks
Banks required to report customers' foreign tax status by 30 June; customers that do not respond may have their accounts frozen or closed.
June 7, 2018 -
387AML / KYCACAMS 2018: Rising to the Financial Crime Challenge
Recently in Hong Kong, ACAMS brought financial industry participants to discuss action to combat financial crime. Progress on regulation, advancements in technology and FIs’ willingness to do their part are making all the difference.
May 10, 2018 -
299AML / KYCMAS Fines StanChart Units $4.9mn for AML/CTF Breaches
The bank’s Singapore branch and trust unit failed to adequately assess and mitigate risks that clients were trying to avoid CRS reporting obligations.
March 20, 2018 -
289IndiaIndia to Ease Capital Markets Norms for Foreign Investors
Government to set up single-window clearance for foreign portfolio investors and allow foreign custodians to trade on behalf of their clients without registering with SEBI.
March 1, 2018 -
356AML / KYCSingapore Activates 61 AEOI Relationships for 2018
The country will automatically exchange tax information from January 2017 with 61 countries under the OECD’s Common Reporting Standards.
January 17, 2018 -
AML / KYC
Standard Chartered Guernsey-Singapore Transfers Under Investigation
Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.
October 9, 2017 -
AML / KYC
China CRS Less Burdensome than Expected
July 27, 2017
