All posts tagged "identity verification"
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50AML / KYCSEC Thailand Allows Crypto Exchange Bitkub to Resume Services
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
April 12, 2021 -
207AML / KYCUK Issues Draft Rules to Promote Trust in Digital Identity
New draft rules are aimed at deepening trust and confidence in digital identities through the adoption of common standards to safeguard personal data and privacy.
February 16, 2021 -
192AML / KYCGLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI
The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.
February 12, 2021 -
287Fintech / RegtechKorea to Launch Virtual Sandbox, Expand Fintech Support
The FSC has outlined the work it has planned this year to promote financial innovation and digital finance.
February 5, 2021 -
322ChinaPBOC 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 -
859AML / 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 -
366AML / KYCUPDATED – FinCEN 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 -
314AML / 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 -
329AML / KYC
Global 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
