AML / KYC

AML / KYC

MAS to Help Crypto Firms Access Banking Services – Report

By Manesh Samtani | 11/10/2018

Ravi Menon told Bloomberg that MAS is trying to bring banks and crypto startups together to see if an understanding can be reached.

AML / KYC

Japan FSA Prioritises AML Measures Ahead of FATF Peer Review

By Editors | 01/10/2018

The FSA will conduct on-site inspections at financial institutions over the next 12 months, hoping to clean up its image with the FATF before it hosts the G20 summit next year.

AML / KYC

AUSTRAC Strengthens Cooperation with FinCEN

By Garima Chitkara | 28/09/2018

Agencies in both countries will share information on terrorist financing and serious financial crime under a regulatory MoU.

AML / KYC

HKMA Outlines Regtech Initiatives – Speech

By Manesh Samtani | 28/09/2018

The HKMA is looking to build a more diversified regtech ecosystem in Hong Kong and urges for greater collaboration between the banking industry and technology community.

AML / KYC

SEBI Relaxes KYC Norms for Indian Beneficial Owners of FPIs

By Editors | 26/09/2018

The latest circular allows Indians living overseas to hold only a non-controlling stake in an FPI entity, but permits them to fully control the investment manager in charge of its assets.

AML / KYC

Global Regulation Continues to Increase KYC Complexity – Accuity

By Editors | 18/09/2018

The KYC process has become increasingly complex, with rising costs, onerous processes and a skills shortage presenting challenges for compliance staff, says an Accuity report.

AML / KYC

South Korea Mulls Machine-Readable Regulation

By Garima Chitkara | 12/09/2018

FSS governor told fintech firms the regulator is considering machine readable regulation and automated data analysis systems to better detect and investigate financial crimes.

AML / KYC

Hong Kong FIs Share Foreign Tax Resident Data with IRD – Report

By Editors | 12/09/2018

Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.

AML / KYC

SEBI Changes Course on Foreign Investor KYC Requirements

By Garima Chitkara | 11/09/2018

SEBI may be going back on new rules restricting non-resident Indians and persons of Indian origin from investing in India via the FPI route.