All posts tagged "money transfers"
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343AML / KYCBangladesh Bank Opens RTGS to NBFI Participation
Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers' bank accounts.
May 11, 2022 -
527EnforcementUS Agencies Target MoneyGram Over Delayed Remittances
The complaint says the delays caused harm to recipients who were waiting for their money that had become "stuck in" or “looped” in MoneyGram's systems.
April 24, 2022 -
256JapanMizuho Experiences Eight System Glitch for the Year
The system failure affected 387 transactions for foreign exchange trades. Mizuho is required to submit a report on its IT systems to the FSA by 29 October.
October 8, 2021 -
456AML / KYCJapan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021 -
606Australia & NZACCC Calls for Lower Fees, More Competition in FX Services
An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.
September 3, 2019 -
573AML / KYCAUSTRAC Campaign Targets Illegal Money Transfer Dealers
The campaign seeks to raise community awareness of the money laundering threat that unregistered money transfer dealers pose.
August 28, 2019 -
2.8KAML / KYCMAS Consults on AML/CFT Notices for Payment Services
The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.
June 7, 2019
