All posts tagged "Treasury"
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176AML / KYCWhite House Bans US Transactions With Chinese Payment Apps
White House allies including Treasury Secretary Steve Mnuchin also reportedly pressured the NYSE to again reverse its decision on delisting Chinese telecom stocks.
January 7, 2021 -
122Australia & NZATO Reviews Superannuation Withdrawals for Rule Breaches
The ATO will consider applying penalties for wrongful superannuation withdrawal only in serious cases where an applicant has deliberately applied, knowing they were not eligible.
January 6, 2021 -
148Fintech / RegtechUS Regulators Call for Responsible Stablecoin Design, Operation
Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.
December 31, 2020 -
222AML / KYCFinCEN Proposes Reporting, Recordkeeping Rules for Crypto
Under the proposed rule, FIs will have to keep records of customers' crypto transactions and counterparties, and whether they are using unhosted wallets.
December 24, 2020 -
203Asia-Pacific
US Treasury Labels Vietnam, Switzerland as Currency Manipulators
Taiwan, Thailand, and India have been added to Treasury's monitoring list. Singapore intervened in the foreign exchange market in a "sustained, asymmetric manner".
December 18, 2020 -
112Australia & NZAustralia to Further Streamline Financial Advice Regulations
Streamlining the number of bodies involved in financial adviser oversight will reduce complexity and add value for retail investors, said SAFAA CEO Judith Fox.
December 15, 2020 -
123AML / KYC
No Banks Subject to HKAA Secondary Sanctions: US Treasury
In a report to Congress, the Treasury said it has not identified any foreign FIs that "knowingly" conducted significant transactions with the ten individuals sanctioned in October.
December 14, 2020 -
282Australia & NZAustralian Regulators Launch Cyber Resilience Testing Framework
The 'CORIE' framework will initially run as an industry pilot programme, consisting of a small number of systemically important FIs.
December 10, 2020 -
317AML / KYCUS Congress Includes Corporate Transparency in Defence Bill
The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.
December 8, 2020 -
279EuropeLloyds UK Launches First Live Link of ‘SWIFT gpi Instant’
Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency.
December 3, 2020
