All posts tagged "suspicious transaction reports"
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864AML / KYCKoFIU Unveils AML Supervision & Inspection Plan for 2022
KoFIU will begin inspections on VASPs, financial institutions, casinos and mutual finance companies starting February.
January 18, 2022 -
196AML / 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 -
1.5KAML / KYCHKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML
The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.
April 27, 2021 -
836AML / KYCSingapore Banks Asked to Monitor Myanmar Fund Flows
MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.
March 5, 2021 -
387AML / KYCPhilippines Enacts AML Amendments to Avoid FATF Grey List
Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
February 4, 2021 -
41.1KAML / KYCPBOC Tripled AML Penalties in 2020 Compared to 2019
Failures to perform customer identification and to report lar-value and suspicious transactions were the most frequent reason for the penalties.
January 14, 2021 -
826AML / KYCFIA Releases Surveillance and Market Abuse Guidelines
The guidelines cover requirements relating to monitoring, surveillance systems and the filing of suspicious transaction and order reports under the EU's Market Abuse Regulation.
September 10, 2020 -
5.5KAML / KYC
PBOC 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 -
2.1KAML / 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 -
1.5KAML / 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
