AML / KYC

AML / KYC

First Taiwan Crypto Exchange Reports on AML Compliance

By Mark Johnston | 07/10/2021

Eight crypto exchanges were asked to submit AML compliance statements to the regulator by the end of November.

AML / KYC

SWIFT Publishes Guidelines for Screening ISO 20022 Messages

By Editors | 06/10/2021

Richer data in ISO 20022 messages allow financial institutions to potentially reduce false positives in sanctions screening, SWIFT says.

AML / KYC

MAS Examining Asiaciti Trust Revelations in Pandora Papers

By Editors | 06/10/2021

The Pandora Papers show that Singapore firm Asiaciti Trust had helped politicians and public officials set up trusts and shell companies in secrecy jurisdictions.

AML / KYC

HKMA Issues Guidance on Preventing eDDA Fraud

By Editors | 06/10/2021

The HKMA provides good practices banks can use to guard against different fraud scenarios when offering electronic direct debit authorisation services.

AML / KYC

US to Gather 30 Countries to Coordinate Ransomware Response

By Editors | 06/10/2021

The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.

Big Picture

Lack of Crypto Regulation Presents Financial Stability Risk: IMF

By Mark Johnston | 05/10/2021

The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

AML / KYC

ESG Due Diligence: Setting a High Water Mark

By Manesh Samtani | 05/10/2021

Refinitiv’s Wendy De Cruz talks to Regulation Asia about new supply chain laws reshaping industries and the challenges FIs face in enhancing due diligence practices.

AML / KYC

Pandora Papers Expose Offshore Wealth of Public Officials

By Manesh Samtani | 05/10/2021

Some 35 current and former leaders are featured in the Pandora Papers leak, which contains 11.9 million documents from 14 offshore services firms.

AML / KYC

PBOC Directs Banks to Offer ‘Simple’ Account Opening

By Editors | 03/10/2021

Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.