All posts tagged "Onboarding"
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545AML / KYCNew York Regulator Fines Deutsche Bank for AML Failures
Deutsche Bank has been fined $150mn for its dealings with known sex trafficker Jeffrey Epstein and its correspondent banking relationships with Danske Bank Estonia and FBME Bank.
July 8, 2020 -
1.2KAML / KYCBNM e-KYC Policy for Customer Onboarding Takes Effect
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
July 1, 2020 -
1.4KAML / KYCAPAC Banks Will Come Out Stronger Post Pandemic
Covid-19 has kickstarted a rush to digitisation. Changes not expected for another 5-10 years will now be seen over the next 18 months, says Fenergo's Greg Watson.
June 23, 2020 -
787AML / KYCHKMA Spotlights RegTech Use to Implement AML/CFT Measures
The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
June 16, 2020 -
948FeatureSFA Launches Self-assessment Framework, Toolkit for FinTechs
The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.
June 11, 2020 -
847AML / KYCMAS Finalises FRC Framework for Cross-Border Financial Services
Regulated entities will no longer need to seek MAS approval prior to commencing business arrangements with foreign related corporations; a 14-day ex-post notification will instead be required.
June 8, 2020 -
1.4KAML / KYCAddressing Heightened KYC Risk with Data and Automation
Managing KYC risk assessment in a sea of increasingly complex data sets calls for smart automated solutions to manage alerts.
June 7, 2020 -
1.5KAML / KYC
Are Criminals Winning at Covid-19? Not Without a Fight
Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.
May 27, 2020 -
239AML / KYCMyanmar: YSX, Securities Firms Directed to Enhance AML Controls
The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.
May 25, 2020 -
1.1KAML / KYCFSI Takes Stock of Official Sector Response to Rising Financial Crime
There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.
May 17, 2020
