(Published June 24, 2019) Whilst in the last decade China has undertaken many initiatives which have contributed positively to its understanding of ML/TF risk, some important gaps remain. With the current FATF report, the Chinese government may revise the current AML laws and the local regulator may, in one to two years’ time, announce an extension of requirements to both banks and non-banks .
(Live Seminar July 11, 2019) Join us in Singapore for an insightful morning discussion, meet our subject matter experts and industry to explore how small and medium sized banks can achieve regulatory reporting compliance with lower TCO.