Financial Action Task Force

Anti-Money Laundering

BIS Consults on AML/CTF in Correspondent Banking

By Samuel Riding | 25/11/2016

Draft includes developing a risk-based approach; BIS aims to stop transactions going underground.

Anti-Money Laundering

Australia-Jordan to Exchange CTF Information

By Samuel Riding | 25/11/2016

Closer to home, AUSTRAC releases study on AML/CTF risks in superannuation funds.

PEPs & Sanctions

HKMA Repeats N.Korea, Iran Warnings

By Samuel Riding | 16/11/2016

FATF plenary has said N.Korea is failing to address illicit funding, proliferation.

Capital Adequacy

The Big Picture – ‘Chiz’ Escudero, Chair of Philippines Senate Banking Committee

By Samuel Riding | 08/11/2016

Campaigning Senator talks Basel III, banking secrecy and more.

Anti-Money Laundering

Singapore has Strong AML, CTF Framework—FATF

By Samuel Riding | 28/09/2016

But assessment report warns of need to enhance supervision of all financial institutions.

Anti-Money Laundering

Vietnam Sets up AML/CTF Steering Committee

By Samuel Riding | 12/09/2016

Committee headed by deputy prime minister charged with developing new policies.

Anti-Money Laundering

FATF Keeps N.Korea on Blacklist, Suspends Iran Measures

By Samuel Riding | 28/06/2016

Task force also notes Myanmar, Papua New Guinea commitments on AML and CTF.

KYC & CDD

KYC Takes on a Whole New Meaning

By Peter Guy | 06/06/2016

Know your customer used to be an important principle. Now you can go to jail for KYC shortcomings. The market reacts.

KYC & CDD

Banks Rethink APAC Strategy as KYC Risks, Costs Mount

By Samuel Riding | 11/04/2016

Regulation Asia research finds 64% of financial institutions are considering fundamental changes to business.