All posts tagged "OECD"
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1.2KAML / KYCG20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
October 15, 2020 -
3.9KContributed ArticleData Governance: Avoid the Damage of Data Restriction
Everledger's Leanne Kemp and Refinitiv's Julia Walker set out the urgent case for cross-border data flow, including to channel finance to sustainable investments.
September 16, 2020 -
2.5KAML / KYCPEPs in the Limelight: Three Components to Mitigate Risk
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
August 20, 2020 -
687AML / KYCAutomatic Exchange Uncovers €10tr in Offshore Accounts in 2019
The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.
July 2, 2020 -
730ChinaHK Entities of Chinese Groups Get Relief from CbC Filing Obligation
Mainland China and Hong Kong have entered into an arrangement for the automatic exchange of country-by-country reports, a welcoming development according to KPMG.
March 5, 2020 -
617International
Covid-19 Presents Greatest Economic Danger Since GFC: OECD
The OECD recommends providing banks with liquidity to allow them to help companies with cash-flow problems, and to consider reducing reserve requirements.
March 3, 2020 -
702Asia-Pacific
Cryptoasset Risk in Misalignment with Investor Profiles: OECD
New OECD research has found a strong likelihood of misalignment between the risk profiles of some financial consumers and the riskiness of cryptoassets.
December 18, 2019 -
889AML / KYC
OECD 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 -
1.7KFintech / 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 -
631AML / 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
