All posts tagged "STRs"
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719AML / KYCS. Korea Approves Revisions to Legal Framework for Crypto
The revision bill was introduced last November, and passed on 5 March. The government has now approved the revision act at a cabinet meeting on 17 March.
March 18, 2020 -
863AML / KYCPBOC Fines Three FIs, 24 Officers for AML Compliance Failures
China Minsheng Bank, China Everbright Bank and Huatai Securities have been fined a combined 52mn yuan for failures in customer identification, transaction reporting and record keeping.
February 18, 2020 -
1.6KAML / KYCWe Need to Accelerate Regtech Transition in AML Work: HKMA
We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA's its first AML/CFT RegTech Forum on Friday.
November 23, 2019 -
782AML / KYCSFC Asks Licensed Firms to Bolster AML/CTF Compliance
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
September 9, 2019 -
891AML / KYCHKMA Offers Guidance in Response to FATF Report
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
September 6, 2019 -
3.0KAML / KYCBNM to Enforce AML Compliance at Law Firms in 2020
BNM assistant governor Encik Adnan Zaylani Mohamad Zahid warns that enforcement action will be taken against legal professionals for AML non-compliance starting in 2020.
August 30, 2019 -
1.3KAML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
1.3KAML / KYCFATF Adopts Global AML/CTF Standards for Crypto Activity
The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.
June 24, 2019 -
2.0KAML / 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 -
788AML / 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
