All posts tagged "customer identification"
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1.4KAML / KYCHong Kong to Align Crypto Regulatory Framework with FATF Standards
The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.
November 3, 2020 -
521Asia-PacificBSP Approves Sale of Unit Investment Trust Funds via Third Parties
New rule amendments allow trust corporations to offer their investment products through third-party distributors, including individual and institutional agents.
September 27, 2020 -
579AML / KYCStockbrokers’ Association Pushes Back Against AUSTRAC Proposal
AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.
September 25, 2020 -
1.4KAML / KYCJapanese Police Probe Thefts from NTT Docomo E-money Service
NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.
September 11, 2020 -
396AML / KYCPBOC Promises Crackdown on Illegal Overseas Gambling
Payments industry stakeholders are directed to strengthen customer identification, report suspicious transactions, and improve surveillance.
June 16, 2020 -
1.6KAML / KYCAddressing Heightened KYC Risk with Data and Automation
Managing KYC risk assessment in a sea of increasingly complex data sets calls for smart automated solutions to manage alerts.
June 7, 2020 -
797AML / KYCTiger Brokers NZ, Six Others Get Formal Warning for AML Failures
A public warning was issued to NZX-accredited Tiger Brokers, and six additional private warnings unnamed businesses or individuals.
April 7, 2020 -
516AML / KYCAustralia: Senate Committee Backs Passage of AML Amendments
The bill allows firms to rely on KYC performed by third parties, strengthens correspondent banking protections, and promotes greater use of financial intelligence to combat financial crime.
March 12, 2020 -
1.9KAML / KYCFATF Issues Guidance Paper on Digital Identity Systems
The guidance recommends a risk-based approach which relies on a set of assurance frameworks and technical standards for digital ID systems.
March 7, 2020 -
1.3KAML / KYCFATF Highlights Digital Identity, Virtual Assets as Key Priority Areas
At its Plenary, the FATF highlighted the use of digital identity systems, the new standards for virtual assets, and efforts to tackle illegal wildlife trade as some of its key initiatives.
February 24, 2020
