AML / KYC

AML / KYC

CSRC to Tighten Brokerage Industry Supervision

By Editors | 28/07/2016

Stronger internal compliance and risk protocols required before year end.

AML / KYC

Bangladesh Expects to Recoup All USD81mn from NY Fed Heist

By Samuel Riding | 27/07/2016

Central bank chief says RCBC likely to be held liable for theft, repay money.

AML / KYC

RBI Penalises Banks for Allowing Forex Scam

By Samuel Riding | 26/07/2016

Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.

AML / KYC

MAS to Intensify AML Inspections, Toughen Action

By Samuel Riding | 26/07/2016

Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.

AML / KYC

China Moots Global Tax System

By Samuel Riding | 26/07/2016

Minister also proposes domestic financial technology tax; issuance of SDR-denominated bonds confirmed.

AML / KYC

India Mandates Centralised KYC from 1 August

By Samuel Riding | 22/07/2016

Central registry has already conducted ‘live run’ of the improved system for new individual accounts.

AML / KYC

MAS Details 1MDB Investigations

By Samuel Riding | 22/07/2016

Quintet of banks and one remittance agent have been under investigation.

AML / KYC

Japanese Newspaper Links Blacklisted Brokers to Panama Papers

By Samuel Riding | 20/07/2016

Financial Futures Association notes Japan is one of the world’s largest markets for binary options.

AML / KYC

MAS Probes Bank ‘Data Dump’

By Samuel Riding | 20/07/2016

Dumped documents include corporate statements, loan applications, client passwords and internal reports.