All posts tagged "Onboarding"
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493AML / KYCEnsuring Best Outcomes in AML Risk Management: Napier
Napier's Luca Primerano, Greg Watson, and Robin Lee talk to Regulation Asia about efforts to automate and enhance financial crime risk management processes.
October 5, 2021 -
782Contributed ArticleImplementing the Final Phase of MAS’ OTC Derivatives Reporting Regime
Firms coming into scope on 1 October need to quickly complete onboarding and test their reporting to DTCC's Singapore trade repository.
September 7, 2021 -
207AML / KYCFMA Identifies AML Breaches by Investment Platform Sharesies
The FMA has ordered Sharesies to amend its onboarding process and implement a process to complete identity verification at onboarding.
August 24, 2021 -
180Asia-PacificBSP Grants Digital Bank Licence to Gokongwei-Tyme Joint Venture
The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August 2021.
August 20, 2021 -
1.1KAML / KYCFighting Financial Crime with Advanced Technologies
AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.
August 2, 2021 -
120EnforcementRBI Imposes Restrictions on Mastercard Over Data Storage
The action may hamper the ability of private banks to issue new cards to customers in the near term due to their exclusive tie-ups with Mastercard.
July 15, 2021 -
251AML / KYCBNM Allows MSBs to Onboard Corporate Customers Remotely
A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.
July 12, 2021 -
374AML / KYCFATF Issues Guidance on Mitigating Proliferation Financing Risk
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021 -
592AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021 -
232AML / KYCFinancial Crime Compliance Costs to Reach $213.9bn for 2021
KYC for onboarding and customer risk profiling were cited as the biggest challenges for APAC financial institutions in a LexisNexis Risk Solutions study.
June 12, 2021
