All posts tagged "Record-keeping"
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212ChinaCSRC Grants Citigroup Approval to Launch Custody Business
The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.
August 2, 2021 -
385AML / KYCSFC Sanctions Sino-Rich Responsible Officers Over AML Breaches
Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.
July 20, 2021 -
437AML / KYCFATF Examines Technology Use in AML/CTF Efforts
While 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, 2021 -
291KoreaFSC Korea Issues Guidance on Investment Suitability Tests
The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.
June 4, 2021 -
225EnforcementJapan Post Bank Misplaces Customer Transaction Data
The missing records include information such as clients' names and bank account numbers, which are supposed to be retained for 10 years.
May 25, 2021 -
838AML / KYCHKMA Urges Banks to Use iAM Smart in Remote Onboarding
The 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, 2021 -
1.4KMarket InfrastructureMAS to Expand Scope of Mandatory Reference Check Regime
MAS 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, 2021 -
905AML / KYCMAS Consults on Proposed AML Notices for Foreign Offices, FRCs
MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.
May 13, 2021 -
812AML / KYCAUSTRAC Orders Mutual Bank to Uplift AML Compliance
Australian Military Bank is required to conduct a risk assessment, and then work to improve its KYC, transaction monitoring, EDD, and reporting systems.
May 6, 2021 -
987FeatureFSC Warns Against Illegal Moves as Korea Resumes Short-Selling
Korean regulators have been working to enhance protection measures for retail investors ahead of the partial resumption of short-selling on Monday.
May 4, 2021
