AML / KYC

AML / KYC

SEBI Confirms Introduction of Commodity Options

By Samuel Riding | 27/04/2017

Other new initiatives cover equity/commodity licensing unification; mutual fund purchases via e-wallet.

AML / KYC

Bitcoin Forum Reveals PBOC Rectification Order

By Samuel Riding | 26/04/2017

Exchanges told to adhere to regulations on securities, futures and forex; tighten AML controls.

AML / KYC

MAS, Singapore Police Set up AML/CTF Partnership

By Samuel Riding | 25/04/2017

Group including 8 Singapore banks will ‘enhance detection and mitigation of transnational risks’.

AML / KYC

MAS Chief Cites Technology as Top Regulatory Priority

By Samuel Riding | 24/04/2017

Ravi Menon cites banks exit from some market segments, but says costs not sufficient reason for regulatory rollback.

AML / KYC

S.Korea Regulator to Focus on ‘Ex-post’ Supervision

By Samuel Riding | 21/04/2017

Governor tells foreign firms FSS will shift from ‘punitive and ex-ante supervision’ in ‘the Age of VUCA’.

AML / KYC

Pakistan Board of Revenue Eyes Removal of Bank Tax Breaks

By Samuel Riding | 21/04/2017

Agency is also considering stiffer rules on banks’ provision of taxpayer information.

AML / KYC

Chinese Bank Exec in Alleged $436mn Fraud

By Samuel Riding | 19/04/2017

Fraud involved fake bank acceptance bills and ‘recycled’ wealth management products.

AML / KYC

Indian Central Bank to Set up Cyber-Emergency Team

By Samuel Riding | 19/04/2017

Recent ‘ethical hack’ found cybersecurity weaknesses at two public sector banks.

AML / KYC

Philippines to Introduce ‘Basic’ Banking

By Samuel Riding | 18/04/2017

Accounts will have easier KYC and low balance requirements in bid to boost financial inclusion.