AML / KYC

    Fintech / Regtech

    BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

    By Manesh Samtani | 14/03/2018

    Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

    AML / KYC

    SEBI Concerned About Money Laundering via PE, VC

    By Garima Chitkara | 11/03/2018

    Indian regulator says looser investment rules could encourage ‘round-tripping’ of funds by domestic investors, concerned about source of funds.

    AML / KYC

    Japan FSA Orders Business Improvement, Closures at Crypto Exchanges

    By Manesh Samtani | 10/03/2018

    Five exchanges including recently-hacked Coincheck ordered to improve internal controls; two exchanges ordered to halt services.

    AML / KYC

    Credit Reporting Regime Must Be Fair: ABA

    By Editors | 09/03/2018

    Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.

    AML / KYC

    New Initiative to Help Boost Correspondent Banking Relationships

    By Editors | 08/03/2018

    Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

    AML / KYC

    SEBI Mulling Omnibus Accounts for Gift City

    By Garima Chitkara | 03/03/2018

    Omnibus accounts will allow bank clients to trade without undergoing standard KYC procedures and help boost trading from offshore participants.

    AML / KYC

    Bangladesh Bank to Introduce e-KYC for Account Opening

    By Editors | 02/03/2018

    Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.

    AML / KYC

    CBA Defends Against Regulators’ Allegations

    By Manesh Samtani | 01/03/2018

    The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.

    AML / KYC

    Why Hong Kong’s New Trust Rules Won’t Boost AML/CTF Efforts

    By Bradley Maclean | 01/03/2018

    Rather than comply with new rules on beneficial owner registration and due diligence, many trusts are likely to simply leave Hong Kong for less onerous jurisdictions.

    AML / KYC

    Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges

    By Manesh Samtani | 01/03/2018

    Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.