AML / KYC

AML / KYC

Japan FSA to Trial Blockchain KYC

By Editors | 25/09/2017

Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.

AML / KYC

AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia

By Editors | 18/09/2017

Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.

AML / KYC

Indonesia Tightens AML Rules to Address Fintech Complexity

By Editors | 14/09/2017

Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.

AML / KYC

Hong Kong’s Changing AML Landscape

By Kane Mak | 13/09/2017

AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.

AML / KYC

Top PBOC Official Makes AML Powerplay

By Editors | 13/09/2017

Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.

AML / KYC

China ICO Ban Isn’t Permanent – State-backed Thinktank Says

By Samuel Riding | 12/09/2017

Researcher at Institute of Finance and Banking says ban is only temporary; previous reports have suggested regulators are working on ICO framework.

AML / KYC

Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures

By Editors | 12/09/2017

Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.

AML / KYC

Philippines Banker Indicted for Bangladesh Heist Role

By Editors | 11/09/2017

Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.

AML / KYC

Malaysia Central Bank to Finalise e-KYC Standards

By Editors | 11/09/2017

BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.