All posts tagged "CTF"
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523Asia-PacificPhilippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
July 19, 2019 -
1.0KAML / KYCHong Kong Welcomes FATF ‘Overall Compliant’ Result
According to a government statement, Hong Kong was found to be particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.
July 1, 2019 -
1.1KAML / KYCHong Kong AML/CFT Regime Under FATF Spotlight
The report on the APG-FATF joint assessment is expected to be published in September, and show that Hong Kong still has some work to do.
June 24, 2019 -
874AML / KYCFATF Adopts Global AML/CTF Standards for Crypto Activity
The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.
June 24, 2019 -
369AML / KYCAUSTRAC Orders Audit of Afterpay’s AML Compliance
AUSTRAC has ordered 'buy-now, pay-later' service firm Afterpay to undergo an independent audit to its compliance with AML/CTF laws.
June 14, 2019 -
931AML / KYCHong Kong, China Framework Comparison – KYC Standards
Given the similarities between Hong Kong and China's KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
May 23, 2019 -
578AML / KYC
FATF to Adopt ‘Open-ended’ Mandate Starting in 2020
The new open-ended mandate recognises FATF's leadership role and strengthens its capacity to respond to threats facing the financial system.
April 17, 2019 -
797AML / KYCStandard Chartered Fined Over $1bn by US, UK Authorities
Standard Chartered Bank will pay $947mn to US authorities for poor AML controls and sanctions breaches, and $134mn to the UK FCA for AML breaches.
April 11, 2019 -
901Big PictureJapan FSA Official Lays Out G20 Financial Sector Agenda
Under Japan’s Presidency this year, the G20 financial sector agenda will centre on addressing market fragmentation, technological innovation and the problems of aging societies.
March 8, 2019 -
663AML / KYC
AUSTRAC Trials Reporting Automation through Smart Contracts
The proof of concept project commenced in December 2018 and aims to help reporting entities automate the reporting of international funds transfers to AUSTRAC.
February 26, 2019
