All posts tagged "STRs"
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1.0KAML / KYCMAS Consults on AML/CFT Notices for Payment Services
The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.
June 7, 2019 -
274AML / KYCBangladesh FIs Report Suspicious Activity at Record Levels
The increase in suspicious activity reported is an indication of the financial industry's commitment to fighting money laundering and terrorism financing.
May 22, 2019 -
542AML / KYCArtificial Intelligence Holds “Immense Potential” for Risk Management – MAS
MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.
May 16, 2019 -
834AML / KYCSFC Fines Guosen Securities $1.94mn for AML Breaches
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
February 19, 2019 -
876AML / KYCSingapore Toughens Penalties for AML/CTF Offences
Penalties are being raised for AML/CTF offences and failures to file suspicious transaction reports, while Singapore also expands on its arrangements with foreign FIUs.
November 21, 2018 -
1.6KAML / KYCHKMA Outlines Regtech Initiatives – Speech
The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.
September 28, 2018 -
1.1KAML / KYC
Combating Financial Crime with Data Analytics – MAS
In the year ahead, the MAS will focus on the use of data analytics as well as boosting industry collaboration in its fight against money laundering and terrorism financing.
July 24, 2018 -
360AML / KYCSFC Updates AML/CFT Guideline as FATF Assessment Looms
Proposals include streamlining of customer onboarding processes and a requirement to implement group-wide AML/CFT systems at overseas branches and subsidiaries.
July 6, 2018 -
316AML / KYCCommonwealth Bank Agrees to A$700m Penalty for AML Breaches
AUSTRAC investigations revealed inadequate AML/CTF risk assessment and controls, leading to failures in monitoring transactions, submitting transaction reports, detecting money laundering.
June 4, 2018 -
403AML / KYC
Singapore Releases AML/CTF Best Practice Papers
MAS-CAD industry partnership on AML/CFT released best practices papers to help financial institutions guard against trade-based money laundering and the misuse of company structures for illicit purposes.
May 17, 2018
