All posts tagged "CTF"
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10Fintech / RegtechGDF Consults on Global Code of Conduct for Crypto Businesses
The Code includes commitment to comply with standing laws and regulations, ensure appropriate systems and processes, and treat customers and their assets...
June 22, 2018 -
22AML / KYCAustralian Court Ratifies A$700mn AUSTRAC-CBA Settlement
CBA came to an agreement with AUSTRAC on 4 June to pay a A$700mn penalty for contraventions to the AML/CTF law, representing...
June 21, 2018 -
30AML / KYCS. Korea FIU to Supervise Crypto Exchanges Like Banks
Legislation introduced to bring cryptocurrency exchanges under the direct supervision of KoFIU, obligating them to adopt AML/CFT directives including systems to monitor...
June 19, 2018 -
132AML / KYCASIFMA Publishes AML/KYC Best Practice Paper
Industry group focuses on nine AML/KYC areas, largely drawn from industry consensus of best practices currently applied by members in Hong Kong and...
June 11, 2018 -
100AML / KYC
Commonwealth Bank Agrees to A$700m Penalty for AML Breaches
AUSTRAC investigations revealed inadequate AML/CTF risk assessment and controls, leading to failures in monitoring transactions, submitting transaction reports, detecting money laundering.
June 4, 2018 -
85AML / KYCSingapore Releases AML/CTF Best Practice Papers
MAS-CAD industry partnership on AML/CFT released best practices papers to help financial institutions guard against trade-based money laundering and the misuse of...
May 17, 2018 -
76AML / KYCFSB Asia Members Consider Financial System Vulnerabilities
Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.
May 13, 2018 -
195AML / KYCHong Kong Money Laundering – The River Runs Through It
While Hong Kong struggles to reduce and contain money laundering activities at existing financial institutions, the role of cryptocurrencies in undermining compliance...
May 7, 2018 -
138AML / KYC
Hong Kong Publishes First AML/CTF Risk Assessment
Hong Kong exposed to medium-high level of money laundering risk; ability to combat money laundering also assessed as medium-high.
May 3, 2018 -
146AML / KYCACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime
Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to...
April 26, 2018
