All posts tagged "Due diligence"
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274ChinaChina: State-owned Banks to Step Up Lending to MSMEs
State Council-approved measures call on state-owned banks to increase lending and repayment flexibilities for MSMEs.
May 16, 2022 -
738AML / KYCWolfsberg Group Offers Guidance on Adverse Media Screening
New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.
May 12, 2022 -
347Asia-PacificHuman Rights Abuses Prompt Review of Cambodian Microloans
Ombudsman agrees to review complaint from Cambodian NGOs alleging IFC funding contributed to human rights abuses in microfinance lending.
May 8, 2022 -
431AML / KYCNYDFS Issues Guidance Recommending Use of Blockchain Analytics
The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.
May 6, 2022 -
413AML / KYCNAB Enters Undertaking to Uplift AML/CTF Compliance
NAB's action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.
May 4, 2022 -
529AML / KYCSingapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services
MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022 -
495MalaysiaBNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
324AML / KYCUS OCC Orders Digital Assets Bank to Address AML Failings
Deficiencies were found at Anchorage Digital Bank, the US' first federally chartered bank authorised to provide institutional custody services for crypto.
April 30, 2022 -
474EuropeAsset Managers Report EU Taxonomy Teething Problems
A new PRI report outlines recommendations to ensure clarity and ease the reporting process.
April 30, 2022 -
232ChinaCBIRC Directs Banks to Finance Green Highway Construction
Banks are asked to provide financing support for government highway projects and optimise the repayment arrangements for such projects.
April 28, 2022
