Tag: FATF
Revised SFC guidelines add clarity to AML requirements for cross-border correspondent relationships
September Regulatory Round-up: FinCEN leak; MAS’s individual accountability regime; removal of private OFC fund restrictions
March Regulatory Round-up: SFC postpones regulatory deadlines; Asian banks eager to close gap in AML compliance; Force majeure clause may affect PB trading contracts; Regulators scrutinise price transparency at PBs
Watchdog, regulator pledge support for FIs, highlight risks linked to pandemic
Three FIs receive record fines from PBoC for AML violations
November Regulatory Round-up: Final judgment on scope of “anti-Bartlett” clause; UBS fined for spread overcharges; Regulators launch AI frameworks as bank adoption increases
Singapore betters transparency in AML and beneficiary ownership: FATF
September Regulatory Round-up: Banks warned on liquidity risks; China removes quota control on two schemes
PBs should review PEP policies in line with FATF report: Mayer Brown
HK AML/CFT regime is “compliant and effective”, some room for improvement: FATF
AML-related breaches tripled YoY in Q2: SFC
June Regulatory Round-up: New FAQs on suitability requirements; SFC fines Credit Suisse for disclosure misconduct; FATF releases HK AML evaluation
FATF praises Hong Kong for “strong legal foundation”, suggests areas of improvement
FATF guidance improves outlook for virtual asset market
HKMA to launch new AML Supervisory Policy Manual
Identifying ultimate beneficial ownership regulators’ key AML focus, says expert
SFC proposes regulation amendments ahead of FATF inspection
Private banks providing trust services to face new wave of AML scrutiny
Financial regulators aligned on need for greater disclosure following data leaks
With inspection looming, Hong Kong could abandon bilateral approach to CRS preparations, says lawyer
Singapore regulators likely to become “more active” in AML space, says law firm
Hong Kong aims to enhance ownership transparency to coincide with FATF evaluation visit
AML processes to be tested by incoming EU funds transfer regulation, warns expert
