All posts tagged "PEPs"
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1.4KAML / KYCHong Kong to Align Crypto Regulatory Framework with FATF Standards
The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.
November 3, 2020 -
1.2KAML / KYCChina Issues AML/CTF Guidelines for Microfinance Institutions
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
October 27, 2020 -
744AML / KYCAUSTRAC Launches AML Investigation into Crown Resorts
The probe is related to Crown's use of casino junkets to bring wealthy gamblers to its Melbourne casinos and possible non-compliance with due diligence and AML requirements.
October 21, 2020 -
1.4KEnforcementRegTech Asia 2020: Sanctions & PEPs Screening
What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?
October 13, 2020 -
1.6KAML / KYCGlobal AML Reforms Need to Be More Ambitious
The European Commission is taking decisive action to fight financial crime by reforming its AML rules and enforcement mechanism, writes Refinitiv’s Che Sidanius.
September 21, 2020 -
1.8KAML / KYCPEPs in the Limelight: Three Components to Mitigate Risk
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
August 20, 2020 -
684AML / KYCSri Lanka Fines 2 Banks, 3 Finance Firms for AML Failures
Sri Lanka's FIU has revealed that two banks and one finance company were penalised in 2019, and two other finance companies in 2020.
July 30, 2020 -
863AML / KYCMAS Revokes Capital Markets Licence for AML Breaches
Apical Asset Management lacked basic AML/CFT controls despite complex ownership structures used by some of its clients. Its two directors were reprimanded.
July 29, 2020 -
799AML / KYC
MAS Penalises Asiaciti Trust for AML/CFT Failures
Asiaciti Trust failed to put in place adequate procedures to establish source of wealth, and did not inquire into unusually large transactions by customers who were PEPs.
July 23, 2020 -
857AML / KYCHong Kong Wealth Managers Scrutinise Clients for Political Links
Wealth managers are said to be screening comments made by clients and their associates in public, in the media, and in social media posts as far back as 2014 to determine their political stance.
July 22, 2020
