All posts tagged "identity verification"
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448AML / KYCBank of Ayudhya Uses Facial Recognition in Account Opening
Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.
March 12, 2019 -
520AML / KYCHKMA’s Regulatory Expectations of Remote Customer On-boarding
Remote onboarding technology should be able to authenticate customer identities through document image acquisition and “incontrovertibly” link identities through biometrics.
February 5, 2019 -
620ChinaChina’s Rules for Blockchain to Take Effect in February
Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.
January 15, 2019 -
319Asia-PacificThailand to Broadly Revamp Regulations for Financial Institutions
New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.
November 23, 2018 -
1.6KAML / KYC
Revised HKMA Guidelines on AML/CFT to Take Effect from November
The Guidelines are set to take effect from 1 November for authorised institutions and stored value facilities. The HKMA has also published its policy and supervisory approach.
October 22, 2018 -
569AML / KYCSFC AML/CFT Guideline Revisions to Take Effect in November
A July consultation proposed amendments to improve the Guideline's usefulness and relevance and ensure its alignment with international AML/CFT standards.
October 15, 2018 -
1.2KAML / KYCChina Issues AML/CTF Rules for Online Financial Institutions
Online FIs required to verify client identities, monitor terrorist organisations and activities, properly store client information and transaction records, and report large-value and suspicious transactions.
October 12, 2018 -
417AML / KYCSamsung SDS Announces Blockchain-based ID Verification Platform
Developed in collaboration with the Korea Federation of Banks, BankSign allows customers to use multiple banks’ mobile apps, once a co-verification certificate is obtained from a single bank.
August 29, 2018 -
294AML / KYC
SFC Provide Guidance on Online Client Onboarding
Procedures to verify client identities include obtaining a digitally signed agreement and identity document copy, and the use of designated accounts in the client’s own name only for deposits and withdrawals.
July 18, 2018
