All posts tagged "PEPs"
-
702AML / KYCAUSTRAC Proposes New Guidance on Performing SoF, SoW Checks
The draft guidance explains source of funds and source of wealth checks, and when reporting entities should perform such checks using a risk-based approach.
February 22, 2022 -
1.6KAML / KYCIn Conversation With Nathan Newman, AUSTRAC
Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.
February 11, 2022 -
1.1KAML / KYCAUSTRAC Expands AML Probe of Star Casino Group to ‘Other Entities’
AUSTRAC has advised Star that it has not yet made a decision regarding its regulatory response, including whether or not enforcement action will be taken.
January 21, 2022 -
Press Release
Oracle Financial Services Recognised for Screening Capabilities
Oracle provides a PEPs and sanctions screening solution that leverages what is considered one of the industry’s best matching engines.
December 10, 2021 -
421Press ReleaseSWIFT Awarded Best Solution in PEPs & Sanctions Screening
SWIFT was recognised for its sanctions testing service as well as its newly-launched real-time transaction screening solution, designed for ISO 20022.
December 10, 2021 -
1.2KAML / KYCHKMA Penalises Four Banks for AML Violations
ICBC (Asia), UBS, CCB (Asia) and CTBC Bank were fined a combined HK$44.2mn for deficiencies in customer monitoring, periodic reviews and due diligence.
November 22, 2021 -
1.2KAML / KYCTrust but Verify: Establishing a Client’s Source of Wealth
The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.
November 2, 2021 -
327AML / KYCNew Zealand Consults on Broad Changes to AML/CFT Act
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021 -
786AML / KYCSFC Finalises AML Guidelines for Securities Sector
The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.
September 16, 2021 -
1.3KAML / KYCScreening Financial Instruments for Investment-related Sanctions Risk
Refinitiv identified over 190,000 financial instruments relevant to the US investment ban against Non-SDN Chinese Military-Industrial Complex Companies as of 28 July.
August 26, 2021
