Seven entities within a group accepted deposits without a licence. Three other entities breached AML/CFT requirements.
September 4, 2023Identification verification procedures must be carried out before online gambling services are provided to customers, starting 29 September.
August 9, 2023Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.
August 3, 2023Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.
April 26, 2023Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.
April 11, 2023The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.
January 24, 2023China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023If there is no change in a customer’s KYC information, only a self-declaration is required to complete the re-KYC process.
January 10, 2023The guidance will help FIs develop alternative customer identification and verification procedures to help customers that are unable to meet standard ID requirements.
December 9, 2022Star Sydney and Star Queensland breached one section of the law 1,189 and 325 times, respectively. Both are accused of "an innumerable number" of other breaches.
December 1, 2022