AML / KYC

AML / KYC

Korea Regulator Flags Weaknesses in Foreign Banks’ AML

By Editors | 31/07/2017

FSS reveals details of AML audits covering banks and other financial services providers, says to impose strict sanctions against regulatory […]

AML / KYC

US ICO Ruling Opens ‘Can of Worms’ for Asia

By Samuel Riding | 27/07/2017

Securities and Exchange Commission’s decision to define ICOs as securities adds to uncertainty around regulatory treatment of the virtual economy. […]

AML / KYC

China CRS Less Burdensome than Expected

By Editors | 27/07/2017

But law firm warns that CRS elsewhere is likely to have greater impact on Chinese residents, particularly those who invest […]

Fintech / Regtech

Singapore Regtechs Innovate New KYC Methods

By Editors | 24/07/2017

Regtech firms Silent Eight and Black Swan technologies emerge from OCBC’s Open Vault to cut KYC processes from up to […]

AML / KYC

HK’s New Financial Services Chief Advocates Centralised KYC Registry

By Editors | 19/07/2017

Top official says updated ID cards with greater security could be used as basis of the centralised KYC; boost Hong Kong’s status in fintech.

AML / KYC

India Could Bring Bitcoin Regulation Under SEBI

By Editors | 18/07/2017

Despite earlier talk of blanket ban, panel set up in April close to agreeing model which would give bitcoin similar status to a commodity.

AML / KYC

AUSTRAC Warns on Fraud, Money Laundering via Stock, Derivatives Markets

By Editors | 13/07/2017

Fraud, money laundering more prevalent than even insider trading or market manipulation, Centre suggests; only 40% of market participants filed suspicious matter reports over 2-year period.

AML / KYC

Singapore Banker Gets 2nd Conviction for 1MDB-related Offences

By Editors | 13/07/2017

Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.

AML / KYC

Japan FSA Probing AML Compliance at Regional Banks

By Editors | 12/07/2017

Regulator concerned rules introduced last October are not being executed consistently as regional and other smaller banks deal with increasing number of international transactions.