All posts tagged "Reporting"
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1.0KAML / KYCChina Issues AML/CTF Guidelines for Microfinance Institutions
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
October 27, 2020 -
1.2KAML / KYCAUSTRAC Wants Lawyers, Accountants Under its AML Remit
AUSTRAC chief Nicole Rose expressed concerns that professional facilitators are being used to evade money laundering detection.
October 23, 2020 -
408EuropeSFTR Reporting Regime Goes Live for Buy-Side Firms
Phase three of the SFTR places reporting obligations on investment funds, insurance companies and pension funds.
October 15, 2020 -
187ChinaSAFE Eases Administrative Burden of Bank Statistical Reporting
Rule revisions relax requirements for banks to print foreign payment and collection vouchers, while also clarifying electronic forms and vouchers may be used in submissions.
October 2, 2020 -
416Australia & NZAPRA Resumes Consultation on Confidentiality of ADI Data
APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.
September 30, 2020 -
2.5KChinaChinese Regulators to Combine QFII, RQFII from 1 November
The move to combine the QFII and RQFII into a single 'qualified foreign investor' regime is aimed at further easing foreign access to China's capital markets.
September 28, 2020 -
586Asia-PacificThailand: BOT to Revamp Banks’ Reporting Requirements
The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.
September 27, 2020 -
1.6KAustralia & NZA New Zero Tolerance Era for ESG Reporting
As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.
September 23, 2020 -
551AML / KYCFinCEN Seeks Comments on Enhancing Bank AML Effectiveness
One of the proposals is to incorporate an “effective and reasonably designed” AML programme component to empower FIs to allocate resources more effectively.
September 21, 2020 -
3.2KContributed ArticleWirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020
