AML / KYC

AML / KYC

Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

By Editors | 09/10/2017

Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

AML / KYC

Standard Chartered Guernsey-Singapore Transfers Under Investigation

By Editors | 09/10/2017

Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

AML / KYC

Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime

By Editors | 05/10/2017

Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.

AML / KYC

China Raises AML Concerns About Non-financial Sectors

By Editors | 05/10/2017

PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.

AML / KYC

Chinese Money Laundering or Capital Transfer – ‘Vive la Différence’

By Editors | 02/10/2017

Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.

AML / KYC

HKMA Launches Smart Banking Initiative Including Enhanced Sandbox

By Samuel Riding | 29/09/2017

In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.

AML / KYC

Japan FSA to Trial Blockchain KYC

By Editors | 25/09/2017

Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.

AML / KYC

AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia

By Editors | 18/09/2017

Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.

AML / KYC

Indonesia Tightens AML Rules to Address Fintech Complexity

By Editors | 14/09/2017

Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.