All posts tagged "Sanctions"
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2.2KAML / KYCSanctions Screening Short Cuts Not Worth the Risk: Refinitiv
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
January 29, 2020 -
1.5KAML / KYCTechnology to Drive Regulatory Agenda in 2020: Thomson Reuters
Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.
January 9, 2020 -
1.8KAML / KYCMalaysia Replaces AML/CFT Framework with Two Policy Documents
The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020 -
AML / KYC
DFAT to Establish New Australian Sanctions Office from 1 Jan
As part of the establishment, Australia's Department of Foreign Affairs and Trade will be rolling out changes to its online sanctions permit platform in early 2020.
December 26, 2019 -
482AML / KYCISDA Calls For Guidance on Handling of Derivatives Impacted by Sanctions
ISDA proposes 8 principles sanctions authorities can consider to ensure safe operation of markets, and minimise derivatives market disruption and economic consequences for non-sanctioned entities.
December 25, 2019 -
676AML / KYCSingapore Company Director Jailed for North Korea Trade
The Singapore man was reportedly selling luxury goods to a North Korean shop, shipping the goods via Dalian, and receiving payment via front companies in China and Hong Kong.
November 26, 2019 -
1.0KAML / KYCSingapore Re-Rated on Four FATF Recommendations
Singapore is still rated 'partially compliant' on three FATF Recommendations for technical compliance, and will remain in enhanced follow-up.
November 19, 2019 -
987AML / KYCMAS to ‘Take Another Crack’ at KYC Utility Project
The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.
November 15, 2019 -
952AML / KYCMalaysian Banks Force Closures of Iran-linked Accounts
CIMB and Maybank are two of the largest banks forcing closures of accounts belonging to Iranian companies and individuals, amid new sanctions imposed by the US.
November 2, 2019 -
665Asia-PacificPhilippine SEC Proposes New Rules for REITs
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
October 10, 2019
