All posts tagged "customer risk"
-
336AML / KYCBSP Issues Guidance on Conducting AML/CFT Risk Assessments
The findings from institutional risk assessments should be used to enhance AML/CFT/CPF/sanctions compliance programmes and made available to the BSP during examinations.
July 19, 2022 -
266AML / KYCNo Specific Customer Type is Automatically Higher Risk: US Agencies
Banks should use a risk-based approach when managing customer risk, and not decline to provide banking services to entire categories of customers.
July 10, 2022 -
543AML / KYCFSA Offers Update on Work to Strengthen Japan’s AML System
Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new 'beneficial ownership list system' has been established.
April 18, 2022 -
751AML / KYCWolfsberg Group Issues Guidance on Managing Customer Risk
FIs should consider building "more holistic" customer profiles, using additional identity attributes and ensuring they are alerted to changes in data points.
March 30, 2022 -
1.9KAML / KYCIn Conversation With Nathan Newman, AUSTRAC
Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.
February 11, 2022 -
269AML / KYCPBOC Directs Banks to Offer ‘Simple’ Account Opening
Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.
October 4, 2021 -
543AML / KYCHKMA Identifies AML/CFT Gaps in Stored Value Facilities
The HKMA flagged issues related to risk assessments, business partner arrangements, customer risk assessments, and transaction monitoring.
September 28, 2021 -
2.4KAML / KYC
FATF Report Highlights Opportunities for Japan’s FIs
Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
September 24, 2021
