All posts tagged "identity verification"
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534EnforcementTaiwan FSC Fines KGI Bank Over Misappropriated Client Assets
KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.
May 11, 2022 -
667AML / KYCChina: Regulators Suspend Implementation of New CDD Rules
The new rules were meant to take effect on 1 March, but implementation has been suspended "due to technical reasons".
February 22, 2022 -
932AML / KYCMAS Issues Guidance on Tech Adoption for Remote CDD
MAS identifies good industry practices used to guard against fraud, impersonation, and document tampering in a non-face-to-face setting.
February 15, 2022 -
564AML / KYCNew CDD Rules to Have ‘Limited’ Impact on Customers: PBOC
The PBOC has responded to concerns about incoming rules that will require banks to perform extra due diligence for deposits and withdrawals exceeding CNY 50,000.
February 14, 2022 -
570AML / KYCGLEIF Publishes Governance Details for Digitally Verifiable LEI
The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.
February 9, 2022 -
716AML / KYCTaiwan FSC to Explore Digital Identity Via Thematic Sandbox
'Digital Identity Authentication and Authorisation' was selected as the theme for the sandbox, to promote more convenient and secure access to financial services.
January 24, 2022 -
508AML / KYCCBIRC Directs Banks to Ease Account Opening for Small Businesses
Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
January 6, 2022 -
266AML / KYCTaiwan FSC Increases Limits on Digital Deposit Accounts
The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.
November 25, 2021 -
259AML / KYC
PBOC Issues Guidance on Risk-based Account Opening
Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.
October 26, 2021 -
327AML / KYCNew Zealand Consults on Broad Changes to AML/CFT Act
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021
