AML / KYC

AML / KYC

US Imposes Sanctions Against 18 Iranian Banks

By Editors | 11/10/2020

FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.

AML / KYC

AUSTRAC Publishes Financial Crime Guide on Illegal Wildlife Trade

By Manesh Samtani | 11/10/2020

The guide offers indicators FIs can use in profiling and transaction monitoring to target, identify and stop financial transactions associated with illegal wildlife trafficking.

AML / KYC

Hong Leong Bank Launches Digital Account Opening

By Editors | 08/10/2020

Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.

AML / KYC

UOB Credited for Helping Recover Stolen Funds

By Editors | 08/10/2020

Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.

AML / KYC

UIDAI, NPCI Testing Face Authentication with Banks

By Editors | 08/10/2020

NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

AML / KYC

Fed Orders Citigroup to Correct “Longstanding Deficiencies”

By Editors | 08/10/2020

The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.

AML / KYC

RegTech Asia 2020: Enhancing Transaction Monitoring

By Editors | 07/10/2020

How is the financial industry using AI/machine learning and data analytics to enhance typically rule-based transaction monitoring systems?

AML / KYC

RegTech Asia 2020: Digital Identity, Benefits & Challenges

By Editors | 05/10/2020

How can digital identity enable real-time risk management, what are its other use cases, and what are the challenges to adoption?

Fintech / Regtech

RegTech Asia 2020: Digital KYC, Onboarding & Authentication

By Editors | 04/10/2020

Digital transformation has accelerated in financial services amid the pandemic. But it has not come without risks.