All posts tagged "Money Laundering"
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138AML / KYCMeeting New Compliance Challenges Through Digital Identity
Digital identity systems could form a significant component of the compliance infrastructures at the new digital banks in the years to come, says Refinitiv’s Phillip Malcolm.
February 27, 2020 -
397AML / KYCAUSTRAC, Home Affairs Dept Highlight Benefits of Blockchain
The Department of Home Affairs and AUSTRAC say blockchain has the potential to significantly reduce compliance costs and the regulatory burden imposed on reporting entities.
February 18, 2020 -
559AML / KYCPBOC Fines Three FIs, 24 Officers for AML Compliance Failures
China Minsheng Bank, China Everbright Bank and Huatai Securities have been fined a combined 52mn yuan for failures in customer identification, transaction reporting and record keeping.
February 18, 2020 -
378AML / KYCMalaysia Anti-Corruption Commission Files New 1MDB-related Charges
Malaysia has filed new charges against fugitive financier Jho Low and two PetroSaudi International directors over their alleged roles in the 1MDB scandal.
February 13, 2020 -
163AML / KYCRUSI-ACAMS Survey Reveals Proliferation Finance Implementation Gaps
A global survey of sanctions professionals reveals a lack of industry awareness of proliferation finance risks, and a lack of focus on this area in compliance programmes.
February 8, 2020 -
470AML / KYCEBA Consults on Revised ML/TF Risk Factors Guidelines
The proposed changes will significantly strengthen Europe’s AML/CFT defences and foster greater convergence of supervisory practices, the EBA says.
February 7, 2020 -
784FeatureUS, Singapore Jointly Declare Opposition to Data Localisation
The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.
February 6, 2020 -
299AML / KYCUS Law Firms Launch New Class Actions Against Westpac
The class actions seek damages for investors who lost money on Westpac ADRs following the civil penalty orders filed against the bank by AUSTRAC last November.
February 4, 2020 -
542AML / KYCOCBC Speeds Up Criminal Probes Through Automated System ‘POET’
'POET' digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.
February 4, 2020 -
974AML / KYCFighting Modern Slavery: What the Banking Sector Can Do to Help
Many banks are retooling to include modern slavery as one of the issues they track within their existing AML protocols, says Matt Friedman, CEO of The Mekong Club.
January 17, 2020
