AML / KYC

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.

AML / KYC

India Launches Site to Curb Illegal Deposit Takers

By Editors | 05/08/2016

The site offers the public information about deposit-taking entities, handles complaints.

AML / KYC

CBRC Proposing Tighter Rules for WMPs

By Editors | 28/07/2016

The government’s move aims to prevent shadow-financing risks.

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.