All posts tagged "remittance"
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741Crypto / Digital AssetsCrypto Ads to be Screened in the Philippines from 7 July
Firms advertising crypto services to Philippine users will have to provide proof they have registered with the SEC as companies and with BSP as remittance and transfer providers.
May 30, 2022 -
768Big PictureWorld Bank Paper Explores Barriers to Stablecoin, CBDC Adoption
Stablecoins and CBDCs may not offer advantages over innovations that are built on top of or aim to improve existing financial plumbing.
May 28, 2022 -
542AML / KYCTaiwan Amends AML Rules to Prevent Risk in Overseas Remittances
The amendments specify obligations to ensure policies, procedures and internal controls are in place to prevent risks associated with overseas remittances.
December 20, 2021 -
579AML / KYCAustralia Senate Report Proposes New Crypto Licensing Regime
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 2021 -
412AML / 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 -
587ChinaCross-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 -
540Asia-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 -
427Asia-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 -
555AML / 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 -
651AML / 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
