The Bangko Sentral ng Pilipinas's Monetary Board has approved amendments to regulations governing anti-money laundering and anti-terrorist financing efforts which include “refinements in the conduct of customer due diligence, more pragmatic definition of ‘official document’ and the use of other reliable, independent source documents, data or information for customer identification and...
Source: Inquirer.net, 18/03/2017
The Bangko Sentral ng Pilipinas (BSP) has directed banks to put in place a system to detect unusual and suspicious accounts as part of the government’s efforts to combat money laundering and terrorist financing.
Source: The Philippine Star, 16/03/2017
A co-operative agreement (CA) has been signed to establish a framework for both the Financial Services Regulatory Authority (FSRA) of ADGM and the Monetary Authority of Singapore to help startups and innovators understand their regulatory regimes.
Source: Computer Weekly, 08/03/2017
The Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Bill (the Bill) will be gazetted on Friday (February 24). It seeks to align Hong Kong's anti-money laundering (AML) and counter-financing of terrorism (CFT) regime with prevailing international standards as prescribed by the Financial Action Task Force (FATF).
Source: 7th Space Interactive , 22/02/2017
SWIFT announces that the financial community in Turkmenistan has signed up to use its Know Your Customer (KYC) Registry in addition to 13 banks in Uzbekistan.
Source: Finextra, 22/02/2017