AML / KYC

AML / KYC

Greater Bay Regulators Sign MoU on Wealth Management Connect

By Manesh Samtani | 07/02/2021

The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

AML / KYC

PBOC, SAFE Issue AML Guidelines for Cross-border Business

By Editors | 06/02/2021

The guidelines apply to cross-border activities using domestic or foreign currencies, as well as domestic activities using foreign currencies.

AML / KYC

Philippines Enacts AML Amendments to Avoid FATF Grey List

By Ranamita Chakraborty | 04/02/2021

Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.

AML / KYC

Thailand to Introduce Rules for Digital Asset Wallet Providers

By Editors | 02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

AML / KYC

China Punishes Former CBIRC Official for Corruption

By Editors | 02/02/2021

The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.

AML / KYC

How Financial Institutions View Digital Identity: Survey

By Editors | 01/02/2021

RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.

AML / KYC

BSP Updates VASP Rules to Align with FATF Requirements

By Editors | 28/01/2021

The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.

AML / KYC

AUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms

By Editors | 28/01/2021

The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.

AML / KYC

Fighting TBML to Sustain a Post-pandemic Recovery in APAC

By Claus Christensen | 27/01/2021

As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.