AML / KYC

AML / KYC

China Banking Regulator Doubles Down, Again, on Systemic Risk

By Editors | 11/10/2017

CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.

AML / KYC

Communication Breakdown

By Peter Guy | 09/10/2017

WhatsApp et al have widened a grey area in compliance rival financial messaging services are trying to exploit.

Capital / Liquidity

Official Media Confirms China Bitcoin Ban Only Temporary

By Editors | 09/10/2017

Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.

AML / KYC

Thai Banks Join up to Improve Cybersecurity

By Editors | 09/10/2017

Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.

AML / KYC

Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

By Editors | 09/10/2017

Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

AML / KYC

Standard Chartered Guernsey-Singapore Transfers Under Investigation

By Editors | 09/10/2017

Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

AML / KYC

Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime

By Editors | 05/10/2017

Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.

AML / KYC

China Raises AML Concerns About Non-financial Sectors

By Editors | 05/10/2017

PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.

AML / KYC

Chinese Money Laundering or Capital Transfer – ‘Vive la Différence’

By Editors | 02/10/2017

Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.