All posts tagged "OECD"
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342AML / KYCOECD Hails Global Anti-Tax Evasion Efforts as ‘Unprecedented Success’
Last year saw nearly 90 jurisdictions automatically exchange information on 47 million financial accounts, covering total assets of $4.9tn.
December 2, 2019 -
1.1KFintech / RegtechHKMA Emphasises Consumer Protection in Big Data Analytics, AI Use
New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
November 6, 2019 -
314AML / KYCTaiwan Seeks Significantly Higher Penalties for Tax Evasion
Reports indicate there is considerable support to raise the maximum fine for tax evasion from NT$60,000 to NT$100mn.
September 24, 2019 -
379Hong KongCayman ‘Economic Substance’ Rule Hits Hong Kong Hedge Funds
The new rule requires investment managers to demonstrate ‘economic substance’ in Cayman to continue operating by setting up offices, moving teams over or outsourcing activities to local firms.
August 6, 2019 -
475Australia & NZUPDATED – New Zealand to Introduce Bank Deposit Protection Regime
The government is proposing a limit between NZD 30,000 and 50,000 for the deposit protection regime, which covers about 90% of individual bank deposits.
June 26, 2019 -
1.4KAML / KYCHong Kong AML/CFT Regime Under FATF Spotlight
The report on the APG-FATF joint assessment is expected to be published in September, and show that Hong Kong still has some work to do.
June 24, 2019 -
750AML / KYC
Automatic Exchange of Information is Working, Says OECD
New data from the OECD indicates that Hong Kong and Singapore are adhering to tighter global standards on tax transparency.
June 13, 2019 -
862Fintech / RegtechFSB Issues Report to G20 on Crypto-Asset Regulation
Forward-looking risk assessments are needed in crypto-asset markets to identify trends that may give rise to financial stability and other risks and assess their potential significance early on.
June 4, 2019 -
2.0KAustralia & NZAustralia: Banking Misconduct Drives Search for RegTech Remedies
Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.
May 8, 2019 -
520AML / KYCHong Kong FIs Share Foreign Tax Resident Data with IRD – Report
Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.
September 12, 2018
