The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.
August 2, 2021Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.
July 20, 2021While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain "very important".
July 5, 2021The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.
June 4, 2021The missing records include information such as clients' names and bank account numbers, which are supposed to be retained for 10 years.
May 25, 2021The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.
May 25, 2021MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
May 17, 2021MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.
May 13, 2021Australian Military Bank is required to conduct a risk assessment, and then work to improve its KYC, transaction monitoring, EDD, and reporting systems.
May 6, 2021Korean regulators have been working to enhance protection measures for retail investors ahead of the partial resumption of short-selling on Monday.
May 4, 2021