All posts tagged "Suspicious transactions"
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1.0KEuropeIOSCO Members, ESMA Can Exchange Information Post-GDPR
A decision by the European Data Protection Board will enable the continued sharing of information between ESMA and securities regulators outside the EU, in compliance with GDPR.
February 15, 2019 -
2.0KAML / KYCNew Rules for Payments, E-Commerce Take Effect in China
Non-bank payment institutions will be required to report to the central bank any consumer transactions exceeding 50,000 yuan and cross-border transfers over 200,000 yuan.
January 4, 2019 -
642AML / KYCConvicted Finance Director Sentenced in New Zealand For AML Breaches
New Zealand-based finance director sentenced to six months of community detention after being found negligent in following AML laws and reportedly laundering NZ$500,000 to conceal a major drug trade.
September 4, 2018 -
2.8KAML / KYCSingapore’s UOB Integrates Machine Learning in AML Systems
Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.
August 24, 2018 -
511Fintech / RegtechJapan to Use Credit Scores to Monitor Crypto Trading
The Japanese government plans to use personal credit information and social media IDs to monitor suspicious crypto trading activities and accounts.
June 29, 2018 -
677AML / KYCJapan to Review AML Measures at Banks Ahead of FATF Inspection
FSA to conduct interviews and on-site inspections on all of Japan’s banks and credit unions’ measures to prevent money laundering and illegal remittances.
June 7, 2018 -
669AML / KYCICBC’s US Securities Unit Fined $5.3mn for AML Failures
US regulator FINRA has fined ICBC Financial Services for failing to have an AML program in place; ICBC FS also settled a case with the US SEC, paying $860,000 for failing to report suspicious transactions in its penny stock trading...
May 17, 2018 -
808AML / KYCACAMS 2018: Rising to the Financial Crime Challenge
Recently in Hong Kong, ACAMS brought financial industry participants to discuss action to combat financial crime. Progress on regulation, advancements in technology and FIs’ willingness to do their part are making all the difference.
May 10, 2018 -
663Fintech / RegtechKorea Joins Regional Peers in Adopting AI-based Market Surveillance
KRX launches new market surveillance system based on artificial intelligence; reduces time to secure data on suspicious transactions from 5 days to 1 hour.
May 8, 2018 -
505AML / KYCMAS Hits Former Credit Suisse Banker with Prohibition Orders
Former representative deliberately concealed identity of beneficial owner on three accounts, making it difficult for the bank to monitor and detect suspicious transactions.
May 7, 2018
