All posts tagged "identity verification"
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436AML / 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 -
473AML / 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 -
1.5KAML / 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 -
866AML / 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 -
821AML / 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 -
1.2KAML / 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 -
1.7KAML / 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 -
1.7KAML / KYCBOT Green-lights Use of Facial Recognition Tech at Five Banks
BOT has issued new guidelines on the use of biometric technology in financial services, and granted approval to five banks to use facial recognition in account opening.
July 26, 2020 -
1.2KAML / KYC
HKMA Spotlights RegTech Use to Implement AML/CFT Measures
The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
June 16, 2020 -
752Fintech / RegtechFSC Korea Outlines Key Policy Tasks for H2 2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
June 15, 2020
