AML / KYC

    AML / KYC

    India Penalises Cooperative Banks for KYC Failures

    By Samuel Riding | 18/08/2016

    Four lenders fined for violating KYC and other regulations

    AML / KYC

    Vietnamese Banks Urged to Ease Admin Requirements

    By Samuel Riding | 18/08/2016

    Central bank deputy general governor says lenders should also promote in-house loan verification.

    AML / KYC

    China Underground Banking Campaign Nets 450 Suspects, USD30bn

    By Samuel Riding | 18/08/2016

    Crackdown is focusing on cross-border illegal banking, transfers of proceeds of corruption.

    AML / KYC

    HK to Issue New Account Opening Guidelines

    By Samuel Riding | 16/08/2016

    HKMA responds to concerns about SME and start-up access to banking services.

    AML / KYC

    BNM Closes Book on 1MDB

    By Samuel Riding | 15/08/2016

    Malaysian central bank says it will not reopen investigations.

    AML / KYC

    Southeast Asia’s First Regional CTF Risk Assessment Announced

    By Editors | 12/08/2016

    Bali CTF summit yields greater coordination on risk assessment, information sharing.

    AML / KYC

    India’s New Central KYC System Frustrates SEBI

    By Editors | 11/08/2016

    Government bodies creating duplicating, unsynchronised systems.

    AML / KYC

    ASIC Prompts Banks on Handling of Sensitive Information

    By Editors | 10/08/2016

    While most firms have adequate policies, implementation is inconsistent.

    AML / KYC

    Continuous Disclosure Tops ASIC’s Enforcement List

    By Editors | 10/08/2016

    33 percent of ASIC market integrity enforcements addressed listed firms’ disclosure burden.

    AML / KYC

    BSP Imposes $21mn Fine Following AML Failures

    By Editors | 08/08/2016

    Largest-ever fine imposed after USD 81M Bangladesh Bank heist on RCBC.

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