Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
January 19, 2023Common areas of non-compliance related to AML/CFT risk assessments, staff training, PEP identification, and compliance monitoring, among other areas.
October 24, 2022Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.
February 11, 2022Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.
May 24, 2021Government officials have ordered the State Bank of Pakistan to stop commercial banks from misusing the term ‘politically exposed persons’ (PEPs) to deny financial services to citizens.
August 20, 2015It is unusual that Fifa was able conduct business for so long despite sensational allegations by the media. Compliance teams need to rethink their standards.
July 28, 2015