All posts tagged "PEPs"
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416AML / KYCSFC Fines BMI Securities, Suspends RO for AML Breaches
The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.
February 11, 2020 -
1.7KAML / KYCAPAC Wealth Migration Trends Heighten Financial Crime Risk
APAC regulators are looking to FIs and their technology to guard against increasingly sophisticated criminal activity as wealth migration accelerates, says Joseph Quiazon at Exiger.
December 28, 2019 -
590AML / KYCNew Zealand FX Broker Issued Formal Warning for AML Violations
Forex brokerage Circle Markets Limited did not dispute the FMA’s findings, and its sole director admitted to not fully understanding his AML/CFT obligations.
October 21, 2019 -
769AML / KYCSFC Asks Licensed Firms to Bolster AML/CTF Compliance
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
September 9, 2019 -
1.9KAML / KYCHong Kong, China Framework Comparison – KYC Standards
Given the similarities between Hong Kong and China's KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
May 23, 2019 -
673AML / KYC
FMA Monitoring Report Reveals Multiple AML/CFT Deficiencies
New Zealand’s Financial Markets Authority has released a report highlighting failures in reporting entities' AML/CFT programmes, risk assessments and customer due diligence.
April 2, 2019 -
2.8KAML / KYCRevised HKMA Guidelines on AML/CFT to Take Effect from November
The Guidelines are set to take effect from 1 November for authorised institutions and stored value facilities. The HKMA has also published its policy and supervisory approach.
October 22, 2018 -
841AML / KYCSFC AML/CFT Guideline Revisions to Take Effect in November
A July consultation proposed amendments to improve the Guideline's usefulness and relevance and ensure its alignment with international AML/CFT standards.
October 15, 2018 -
1.9KAML / KYCEurope’s AMLD5 and its Impact on AML Regulations in Asia
While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.
October 15, 2018 -
1.5KAML / KYC
What You Need to Know About the EU’s 5th AML Directive
The Fifth Money Laundering Directive (5MLD) will come into force on the 10 January 2020, with far-reaching impacts aimed at addressing weaknesses in the EU's AML/CFT regime that have come to light since the enactment of 4MLD in June 2017.
September 5, 2018
