AML / KYC

AML / KYC

HK, Singapore, Japan Associations Launch APAC RegTech Network

By Manesh Samtani | 03/06/2019

The APAC RegTech Network seeks to enhance cross-border collaboration on regtech education and implementation across the region.

AML / KYC

Financial Crime on the Rise in APAC

By Editors | 31/05/2019

Almost three-quarters of Asia Pacific organisations have been victims of financial crime in the past year, according to recently published survey results by Refinitiv.

AML / KYC

RBI Allows Banks to Use Aadhaar for KYC

By Editors | 31/05/2019

The RBI will allow banks to use Aadhaar to authenticate and verify customer identities, provided customer consent is obtained.

AML / KYC

Japan FSA Orders Seibu Shinkin Bank to Improve Loan Screening

By Editors | 27/05/2019

The bank reportedly extended loans to persons connected to ‘antisocial forces’, and potentially executed over 100 fraudulent real estate loans.

AML / KYC

Five RCBC Bank Employees Charged with Money Laundering

By Editors | 25/05/2019

Five current and former bank employees have been charged with money laundering in the Philippines in connection with the 2016 Bangladesh Bank heist.

AML / KYC

Hong Kong, China Framework Comparison – KYC Standards

By Prasanna Venkatesan | 23/05/2019

Given the similarities between Hong Kong and China’s KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.

AML / KYC

Bangladesh FIs Report Suspicious Activity at Record Levels

By Editors | 21/05/2019

The increase in suspicious activity reported is an indication of the financial industry’s commitment to fighting money laundering and terrorism financing.

AML / KYC

FSC Korea Fines Four Brokers for False Name Accounts

By Editors | 17/05/2019

South Korea’s FSC has fined four local brokerages for holding accounts belonging to Samsung Group chairman Lee Kun-hee under other people’s names.

AML / KYC

The Need for a Cross-Sector & Cross-Jurisdictional AML Regime

By Claus Christensen | 16/05/2019

It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.