AML / KYC

AML / KYC

S.Korea, Oman Boost Regulatory Cooperation

By Samuel Riding | 07/11/2016

Agreement will bolster both countries regulatory system and financial markets.

AML / KYC

Bangladesh to Get $15mn of Heist Money Back This Week

By Samuel Riding | 07/11/2016

A further $30mn which found its way to a casino’s accounts is expected to follow.

AML / KYC

Australia, China Join Forces on AML/CTF

By Samuel Riding | 03/11/2016

Agreement boosts jurisdictions’ analytical capacity and enforcement to combat illicit funding.

AML / KYC

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

AML / KYC

Indonesia Tightens Forex Reporting Requirements

By Samuel Riding | 02/11/2016

Banks must detail purposes of outbound transfers of more than $100,000.

AML / KYC

Hong Kong Suspicious Transaction Reports Surge

By Samuel Riding | 02/11/2016

Joint Financial Intelligence Unit received nearly 60,000 reports in 1st nine months of 2016.

AML / KYC

Philippines Tightens Rules on Inactive Deposit Accounts

By Samuel Riding | 27/10/2016

Accounts having no transaction within a five-year period are considered dormant

AML / KYC

HK SFC Amends Account Opening Rules

By Samuel Riding | 25/10/2016

Regulator says Code of Conduct requirements are at par with international standards, adds some measures.

AML / KYC

Pakistan Investigating 444 Individuals in Panama, Bahamas Leaks

By Samuel Riding | 24/10/2016

Federal Board of Review asks SBP and SECP for transaction details of local and overseas accounts.