All posts tagged "featured"
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217AML / KYCFATF Concludes Plenary, Finalises Work in Key Areas
The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.
October 23, 2021 -
337AML / KYCFATF Addresses Pandora Papers With New BO Requirements
The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.
October 22, 2021 -
206China19 Hong Kong Banks Approved to Participate in Wealth Connect
Citibank, Hang Seng Bank, HSBC, ICBC, and Standard Chartered are among those that will participate in both the southbound and northbound schemes.
October 19, 2021 -
196Capital RegulationPBOC, CBIRC Publish D-SIBs List, Additional Regulations
19 systemically important banks are named: the 6 big state-owned banks, 9 joint-stock banks and 4 municipal commercial banks.
October 18, 2021 -
268Fintech / RegtechG7 Ministers Endorse Public Policy Principles for Retail CBDC
Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.
October 15, 2021 -
221Hong KongHK Regulators Offer Support for New Climate Action Plan
The Green and Sustainable Finance Cross-Agency Steering Group pledges support for the government's Climate Action Plan 2050.
October 13, 2021 -
278AML / KYC
FATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
241Hong Kong
Hong Kong Announces Initiatives to Bolster Financial Hub Status
Chief Executive Carrie Lam announced measures to improve the stock market listing regime and enable RMB-denominated securities in Hong Kong.
October 7, 2021 -
569AML / KYCESG Due Diligence: Setting a High Water Mark
Refinitiv's Wendy De Cruz talks to Regulation Asia about new supply chain laws reshaping industries and the challenges FIs face in enhancing due diligence practices.
October 6, 2021 -
491AML / KYCMAS to Deploy Information Sharing Platform for AML/CFT
The COSMIC platform will be developed and deployed in phases. The initial participants are DBS, OCBC, UOB, StanChart, Citibank and HSBC.
October 3, 2021
