by Argus | Anti Money Laundering, News
After a period of industry consultation, the Cayman Islands Government issued the Private Funds Bill 2020 and the Mutual Funds (Amendment) Bill. The goal of these Bills is to bring closed-ended and private funds within the scope of regulation and to modernise the...
by Argus | News, Variable Capital Company
The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Companies (VCC) framework today. The VCC is a new corporate structure that can be used for a wide range of investment funds and...
by Argus | Anti Money Laundering, Financial Institutions, News
The EU anti-money laundering law has been reformed and will take effect from 10 January 2020. The reform introduces new requirements for banks handling transactions linked to high-risk nations. EU member states are required to write the 5th Anti-Money...
by Argus | Financial Institutions, Fintech, News
The Monetary Authority of Singapore (MAS) announced that it has received 21 applications for digital bank licences as at the close of application on 31 December 2019. This comprises 7 applications for the digital full bank (DFB) licences, and 14 applications for the...
by Argus | Anti Money Laundering, Compliance, Financial Institutions, News
China Banking and Insurance Regulatory Commission (CBIRC) has issued a new circular on improving the effectiveness of AML/CTF programmes in the banking and insurance sectors applicable to all banks (including foreign banks), financial asset management companies,...
