All posts tagged "Remittances"
-
67AML / KYCRBNZ Calls on Banks to Avoid De-risking Pacific Island Nations
The RBNZ and RBA are working with Pacific Island nations to develop a regional KYC facility, to support businesses in meeting their compliance obligations.
May 3, 2021 -
170AML / KYCFSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’
The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
April 21, 2021 -
160JapanMizuho May Seek Compensation from Hitachi for System Glitch
The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.
April 7, 2021 -
238EnforcementJapan FSA to Inspect Mizuho Over System Failures
The FSA will consider whether to take disciplinary action such as issuing a business improvement order against the bank.
March 25, 2021 -
161Fintech / RegtechSFA, Remittance Association to Jointly Strengthen SG Remittance Industry
The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore's money remittance industry.
March 23, 2021 -
139JapanJapan Banks Finalise Decision to Lower Interbank Transfer Fees
Effective from 1 October, interbank money transfer fees will be lowered to JPY 62 per transaction, the first reduction in 40 years.
March 22, 2021 -
191Japan
JBA Issues Guidance in Response to Mizuho Glitches
Banks are asked to carefully prepare for any major system upgrades involving extensive data processing, and to ensure appropriate lines of communication are established.
March 16, 2021 -
267IndiaRBI Allows Indian Residents to Open GIFT City Accounts
Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.
February 10, 2021 -
763AML / KYCSingapore Money Remittance Sector Poses High TF Risk: MAS
Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
January 12, 2021 -
270ChinaChina Tightens Limit on Overseas Borrowing to Curb Inflows
The decision is said to be part of a push to tame risks from overseas borrowing, which has rapidly increased as the yuan strengthened in recent months.
December 14, 2020
