All posts tagged "Remittances"
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129Asia-PacificSri Lanka: CBSL Collaborates with Industry on Inward Remittances
The central bank is working with banks, mobile operators, and government agencies to launch a new mobile app for inward remittances.
October 13, 2021 -
211AML / KYCNew Zealand Consults on Broad Changes to AML/CFT Act
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021 -
140Asia-Pacific
CBSL Roadmap Outlines Six Month Plan to Stabilise Sri Lanka
Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.
October 7, 2021 -
283MalaysiaSingapore, Malaysia to Link PayNow, DuitNow in Q4 2022
Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
September 28, 2021 -
370Fintech / RegtechSingapore, India to Enable Real-time Cross-border Payments
The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
September 15, 2021 -
248AML / KYCAUSTRAC Releases Banking Sector Risk Assessments
The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
September 8, 2021 -
117Australia & NZACCC Sees Price Transparency Improvements Among FX Remitters
The ACCC says 12 of 15 prominent remitters are either adhering to best practice for price disclosure or need to make only minor improvements.
August 13, 2021 -
203Asia-PacificMalaysia, Thailand Establish Cross-border QR Payment Link
The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.
June 22, 2021 -
273AML / KYCFATF Framework Can Better Support Financial Inclusion: RUSI
There are insufficient incentives within the framework to ensure the FATF Standards are implemented in a way that supports inclusion.
June 17, 2021 -
143AML / KYC2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies
The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
June 2, 2021
