ADVERTISEMENT
Anti-Money Laundering
Sri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
By Garima Chitkara | 02/04/2018
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
Anti-Money Laundering
Supervisory Flaws Hurting Remittance Providers – FSB
By Manesh Samtani | 19/03/2018
Report says AML/CTF and other supervisory shortfalls limit remittance providers’ access to banking services; makes 19 recommendations to address barriers.
Anti-Money Laundering
SEBI Issues Clarifications on New Foreign Investor Norms
By Garima Chitkara | 15/03/2018
Foreign Portfolio Investors should not be Indian residents, non-resident Indians or overseas citizens of India; must be from AML/CTF compliant jurisdictions.
Anti-Money Laundering
Japan to Push G20 for Global AML Rules for Cryptcurrency
By Manesh Samtani | 14/03/2018
Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.
KYC & CDD
New Initiative to Help Boost Correspondent Banking Relationships
By Editors | 08/03/2018
Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.
Anti-Money Laundering
Why Hong Kong’s New Trust Rules Won’t Boost AML/CTF Efforts
By Bradley Maclean | 01/03/2018
Rather than comply with new rules on beneficial owner registration and due diligence, many trusts are likely to simply leave Hong Kong for less onerous jurisdictions.
Anti-Money Laundering
Border Cash Declarations Won’t Halt HK Money Laundering
By Peter Guy | 19/02/2018
For the first time, visitors to Hong Kong will soon have to declare cash they bring in. But money laundering will continue to flourish.
Anti-Money Laundering
AML Now a Top Concern for Chinese Regulators, and a Worry for Banks
By Yaqi Bao | 24/01/2018
It is clearer than ever that Chinese regulators take AML as a major priority, but domestic banks can lack the expertise to meet ever-increasing requirements.
Anti-Money Laundering
Hong Kong’s Changing AML Landscape
By Kane Mak | 13/09/2017
AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.
Anti-Money Laundering
Philippines Removed from AML/CTF Blacklist
By Samuel Riding | 16/08/2017
Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.