All posts tagged "identity verification"
-
202ChinaPBOC Penalises Tenpay, Three Others for Violations – Report
Tencent’s payment platform Tenpay was fined for providing payment services for illegal and false transactions, and processing QR code payments without a licence.
January 7, 2021 -
522AML / KYCHong Kong Launches New Digital Identity Platform ‘iAM Smart’
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
January 2, 2021 -
218AML / KYCFinCEN Proposes Reporting, Recordkeeping Rules for Crypto
Under the proposed rule, FIs will have to keep records of customers' crypto transactions and counterparties, and whether they are using unhosted wallets.
December 24, 2020 -
170AML / KYCHong Kong Set to Tighten Rules for Digital Wallets July 2021
Non-real-name account holders will not be able to transfer money to other banks or e-wallets, or make cross-border remittances.
December 16, 2020 -
209AML / KYCGlobal LEI Foundation to Develop ‘Cryptographically Verifiable LEIs’
The 'vLEI' will create a cryptographically secure chain of trust that replaces manual processes required to access and confirm an entity’s LEI data.
December 11, 2020 -
1.4KAML / KYCMAS Proposes to Strengthen FIs’ Identity Verification Process
The proposed Notice will prohibit FIs from relying on common personal information such as NRIC number, residential address and date of birth as the sole means of identity verification.
November 11, 2020 -
686AML / KYCPBOC Issues Draft AML Rules for Beijing Real Estate Sector
The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
October 27, 2020 -
615AML / KYCGLEIF Defines New Framework to Simplify, Accelerate LEI Issuance
Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.
September 29, 2020 -
926AML / KYCSri Lanka: CSE Enables Digital ID Verification for Account Opening
The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
September 23, 2020 -
1.6KAML / KYCHKMA Issues AML Guidance to Banks As Pandemic Persists
The guidance sets out key practices banks have been using to manage customer due diligence, resource pressure, and emerging threats in the context of Covid-19.
July 30, 2020
