Refinitiv, was recognised for best solution in PEPs, sanctions & name screening at Regulation Asia's 5th annual awards ceremony.
November 22, 2022The IFSCA said all senior managers are responsible for compliance with the new guidelines, which also apply to financial groups of regulated entities.
November 8, 2022Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.
October 17, 2022When performing SoF and SoW checks, reporting entities must avoid the misconception that money coming from a bank can be presumed to be clean.
October 7, 2022MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
September 14, 2022The HKMA found control lapses in onboarding due diligence as well as ineffective procedures for determining whether beneficial owners were PEPs.
August 29, 2022The guidance sets out the primary risks for the real estate sector and the measures needed to take adequately mitigate these risks.
July 28, 2022Banks should use a risk-based approach when managing customer risk, and not decline to provide banking services to entire categories of customers.
July 10, 2022The draft guidance explains source of funds and source of wealth checks, and when reporting entities should perform such checks using a risk-based approach.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, 2022Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.
February 11, 2022