All posts tagged "Suspicious transactions"
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431AML / KYCSFC Finalises AML Guidelines for Securities Sector
The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.
September 16, 2021 -
235AML / KYCNZ Court Fines CLSA Premium NZ for AML/CFT Breaches
The court said CDD requirements were clearly subordinated to the continuation of CLSA Premium NZ's relationship with high net worth customers.
September 14, 2021 -
235AML / KYCNAB Examining Data on 9m Customers to Plug AML, KYC Gaps
Chief executive Ross McEwan outlined NAB's work to update KYC information for all its customers as part of efforts to meet its AML obligations.
September 14, 2021 -
121AML / KYCCBA Contractors May Have Cut Corners on Compliance Tasks
Contract workers reportedly had to cut corners on compliance tasks to meet their KPIs, including by copy and pasting text from templates to fill reports sent to AUSTRAC.
June 29, 2021 -
220AML / KYCKorea Extends AML Compliance Deadline for Crypto Sector
The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.
June 21, 2021 -
418AML / KYCJapan FSA Sets Hard Deadline for Full AML/CFT Compliance
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
June 8, 2021 -
379AML / KYCAUSTRAC Publishes Guidance on Detecting Cuckoo Smurfing
The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
June 7, 2021 -
182AML / 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 -
630AML / KYCChina to Broaden Scope of AML Law, Raise Penalties
The draft law brings into scope non-bank financial institutions as well as property developers, accounting firms and precious metal dealers.
June 3, 2021 -
779AML / KYCTaiwan FSC Fines Citibank, DBS for AML Violations
The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.
May 14, 2021
