All posts tagged "featured"
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563AML / KYCFATF Commends Korea, Warns Pakistan, Blacklists Iran
Korea has a sound legal and institutional framework. Pakistan is asked to complete its action plan. Countermeasures against Iran are reinstated.
February 24, 2020 -
847Market InfrastructureMAS Issues Guidance on Investment Suitability, Pricing in Private Banking
MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.
February 17, 2020 -
760Hong KongHKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus
The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.
February 7, 2020 -
613AML / KYC
Singapore’s Payment Services Act Comes Into Force
The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.
January 28, 2020 -
419ChinaTrade Deal to Enable Early Entry of US Firms to China
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020 -
2.4KMarket InfrastructureUPDATED – Sixteen Known Applicants for Singapore Digital Bank Licences
Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.
January 6, 2020 -
636MalaysiaMalaysia Issues Draft Licensing Framework for Digital Banks
Foreign financial institutions will be allowed to hold a majority stake, but preference will be given to applications where Malaysian nationals own the controlling equity interest.
December 28, 2019 -
698AML / KYCHKMA Publishes Highlights from First AML/CFT RegTech Forum
Access to quality data and a more proactive knowledge sharing approach are critical to moving to intelligence-led methods in financial crime risk management.
December 27, 2019 -
463Capital RegulationHKMA Rebuts BOE Claim of Hong Kong Fund Outflows
The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city's banking system.
December 19, 2019 -
414Hong KongAsset Managers Looking to Boost ESG, Climate Efforts: SFC
There is significant interest among asset management firms to step up their ESG efforts and management of environmental and climate risks, an SFC survey has found.
December 17, 2019
