All posts tagged "STRs"
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188AML / KYCPhilippine AMLC Asks Firms to Provide UBO Information in STRs
The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.
September 10, 2021 -
127AML / KYCFSC Finds VASP Deposit Accounts Linked to Fraudulent Activity
Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.
July 29, 2021 -
464AML / KYCJapan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
137AML / KYC
AMLC Examines Philippine Exposure to Tax Crimes
The study was conducted in light of the recent AML Act amendment which included the commission of tax crimes in the list of predicate offences for money laundering.
July 12, 2021 -
141AML / KYCFSC Korea Concerned of Embezzlement by Crypto Exchanges
As the 24 September deadline for VASPs to register their businesses approaches, some businesses may close down, presenting risks to customer deposits.
July 3, 2021 -
120AML / KYCSEC Orders Finance, Lending Companies to Submit AML Plans
All financing and lending companies have until 21 June to submit plans for implementing a comprehensive and risk-based AML/CFT programme.
June 17, 2021 -
156AML / KYCBSP Orders Banks to Enhance STR Filing Processes
Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.
June 7, 2021 -
151AML / KYC
Philippine Financing, Lending Firms Must Register with AMLC by 21 June
Newly covered financing and lending companies that fail to register with the AMLC by 21 June will incur penalties.
June 5, 2021 -
685AML / KYC
Philippine AMLC to Penalise Firms for Incorrect STR Filings
AMLC Executive Director Mel Georgie Racela told Regulation Asia that incorrect STR filings identified in a recent review will result in supervisory action.
May 24, 2021 -
148AML / KYCFMA, CLSA Premium NZ Agree Statement of Facts on AML Breaches
The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.
May 11, 2021
