Thomson Reuters Chosen by Tencent Subsidiary to Offer AML and KYC Solutions
Posted: Tue Sep 20, 2016 12:26 pm
Tencent’s subsidiary, Money Data Ltd, has selected Thomson Reuters Risk solutions to comply with the Hong Kong Monetary Authority’s (HKMA) Anti Money Laundering (AML) and Countering the Financing of Terrorism (CFT) licensing requirements. This follows its successful application in obtaining the Stored Value Facilities (SVF) license under the Payment Systems and Stored Value Facilities Ordinance.
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Regulatory Technology Revolution
As a provider of services such as WeChat Pay, which enables WeChat users to transfer money, make payments online and with participating retailers, Money Data implemented Thomson Reuters’s ... (read more)