All posts tagged "remittance"
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72AML / KYCAUSTRAC Publishes Guidance on Geographical Link Test
The geographical link test helps firms that provide designated services determine whether they have AML/CTF obligations in Australia.
October 21, 2021 -
320ChinaCross-boundary Wealth Management Connect Launched
The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.
September 10, 2021 -
320Asia-PacificCambodia, Maybank Launch Cross-border Remittances Using ‘Bakong’
Maybank customers in Malaysia can use the bank’s e-wallet to transfer funds to recipients in Cambodia with Bakong e-wallets.
August 13, 2021 -
224Asia-PacificRipple Opens Japan-Philippines Remittance Corridor
Japan's SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple's on-demand liquidity service.
July 31, 2021 -
244AML / KYCBNM Allows MSBs to Onboard Corporate Customers Remotely
A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.
July 12, 2021 -
378AML / KYCAUSTRAC Publishes Guidance on Detecting Cuckoo Smurfing
The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
June 7, 2021 -
558Asia-PacificSingapore, Thailand Launch Real-time Payment Link
The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.
April 30, 2021 -
311AML / KYCSingapore Court Jails Money Mule for Over 3.5 Years
The woman received more than S$730,000 in criminal proceeds in various bank accounts she set up for her "online lover".
April 14, 2021 -
517AML / KYCSingapore Cuts Down Time to Freeze Bank Accounts
Singapore Police have collaborated with over 20 FIs to reduce the time it takes to freeze bank accounts with suspected links to scammers.
March 4, 2021 -
376AML / KYCHK Customs Flags Money Laundering Risk from Money Changers
Amid the pandemic, some criminal actors have turned to licensed money changers, who were more easily lured into criminal activities as their businesses suffer.
January 8, 2021
