AML / KYC

AML / KYC

Emerging Asia Heads Decline in Banks’ Relevance – EY

By Samuel Riding | 27/09/2016

Lack of trust one of the main factors turning consumers away from traditional banks, report suggests.

AML / KYC

China Probes N.Korean Bank for Sanctions Busting

By Samuel Riding | 27/09/2016

Branch of Kwangson Bank should have been closed down under UN resolution, but continued to operate.

AML / KYC

Philippines Proposes New Money Service Rules

By Samuel Riding | 26/09/2016

Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows

AML / KYC

Taiwan FSC Concerned by Mega Bank Data Request

By Samuel Riding | 22/09/2016

Regulator says disclosure could breach confidentiality rules, harm foreign customers.

AML / KYC

SFC Urges Brokers to Enhance AML Controls

By Samuel Riding | 22/09/2016

Licensees are vulnerable on being used to launder money and finance terrorism, regulator says.

AML / KYC

HKMA to Add Cybersecurity, AML to Competency Framework

By Samuel Riding | 21/09/2016

Measures are part of efforts to boost Hong Kong’s competitiveness as a fintech hub.

AML / KYC

Fund Managers Struggling with On-boarding Inefficiency, Study Finds

By Samuel Riding | 20/09/2016

Clarient Global report suggests nearly two-thirds of firms have difficulty obtaining client information.

AML / KYC

BSP Ordered to Return $15mn to Bangladesh

By Samuel Riding | 20/09/2016

Bangladesh seeking to recover another USD2.7 million frozen by Philippines’ casino regulator.

AML / KYC

Thailand Introduces e-KYC Rules

By Samuel Riding | 20/09/2016

Telecom and banking industry also form joint security plan for mobile and e-banking.