All posts tagged "Onboarding"
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103AML / 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 -
162Hong KongHK FSDC Survey Highlights Regulatory Challenges in Wealth Management
Survey and focus group participants highlighted KYC challenges, a lack of clarity on client suitability requirements, and overly onerous investor protection measures impeding professional investors.
February 26, 2020 -
207Capital RegulationSEBI Bars Portfolio Managers from Charging Upfront Fees
SEBI has barred portfolio managers from charging upfront fees from clients and imposed caps on annual management fees and exit loads.
February 18, 2020 -
349Fintech / RegtechIOSCO Offers Guidance on Regulating Crypto-asset Trading Platforms
The report provides a toolkit of possible measures for key considerations relevant to authorities for regulating crypto-asset trading platforms.
February 14, 2020 -
732AML / KYCMAS to ‘Take Another Crack’ at KYC Utility Project
The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.
November 15, 2019 -
709AML / KYCBangladesh to Launch e-KYC for Bank Account Opening in January
Account opening in Bangladesh currently takes 3-7 days. Based on pilot testing in 33 districts, the new e-KYC system will reduce this to just 5 minutes.
October 31, 2019 -
1.8KAML / KYCFinancial Institutions Must Adapt and Innovate or Be Left Behind
Outdated systems are preventing one in four Asia Pacific banks from investing in disruptive technologies, says Greg Watson, citing a recent Fenergo survey.
September 13, 2019 -
685AML / KYCHKMA Issues Clarification on Non-Face-to-Face Onboarding
In line with SFC requirements, the HKMA says banks need not re-verify a client’s identity when opening an investment account if they’ve already done so for bank account opening.
August 24, 2019 -
958FeatureBursa Malaysia Revamps Rules for Derivatives Market Participants
The updated rules allow non-face-to-face onboarding, remove voice logging for client orders, and introduce higher governance standards, among others.
August 15, 2019 -
559Big PictureGlobal Crypto Trading Should be Guided by IOSCO Principles: WFE
"Innovation which has the potential to present systemic risk or is allowed to operate in an unchecked or unregulated manner is detrimental to financial markets and investor interests."
August 3, 2019
