Receipt in Foreign Currency
We are going to modify the issuance of Payment Receipt function in order to deal with the receipt of foreign currency for the payment of a Hong Kong dollar invoice.
The new Payment Receipt will display the full amount receipt in “foreign currency” and the invoice balance outstanding in Hong Kong currency.
The existing Payment Receipt shows the gain or loss in foreign exchange as the outstanding amount and that is not correct.
If you do encounter this problem please call us to update the system to its latest version.
Sorry for any inconvenience caused.
Receipt in Foreign Currency
We are going to modify the issuance of Payment Receipt function in order to deal with the receipt of foreign currency for the payment of a Hong Kong dollar invoice.
The new Payment Receipt will display the full amount receipt in “foreign currency” and the invoice balance outstanding in Hong Kong currency.
The existing Payment Receipt shows the gain or loss in foreign exchange as the outstanding amount and that is not correct.
If you do encounter this problem please call us to update the system to its latest version.
Sorry for any inconvenience caused.
Sanction Check News
The recent changes of the Chrome and Edge browsers have rendered our Sanction Check and PEP PRivate’s inability to display the search results.
While using other browsers may still continue to display the results, we think it is better to redo the whole Sanction Search function.
Please be patient. This will not affect the existing AML System users.
For those who wants to use the Android App Sanction Check, please call us at 2521-3110 for downloading the APK file.
KYC and CDD for Tencent
The Wall Street Journal reported that TENCENT may face huge fine for not following the CN Money-laundering Rules.
TENCENT (00700.HK) WeChat Pay is facing a record-high fine for the suspected breach of People’s Bank of China’s anti-money-laundering rules.
The Chinese regulatory agency has recently discovered that WeChat Pay was not following China’s anti-money-laundering rules and not in compliance with the KYC “know your customer” and CDD “know your business” regulations.
Meanwhile, WeChat Pay was found to have allowed fund transfer and money laundering through gambling and other illicit deals.
China is a member of the international FATF “Financial Action Task Force”.
AML Seminar in March
We are going to organize a zoom seminar on Introduction to AML for CSA. If you are interested, please sign up using the Google link here.
Seminar Title: Introduction to AML for CSA
Time: March 8, 2022 (15:00 to 16:00)
Format: Zoom Meeting
To Register: https://forms.gle/YosLWScSBRCNoWKA9
Agenda
- How to handle the AML ordinance using the new program.
- Walking through the features in AML: Client Confirmation, KYC, RBA, CDD, Sanction, PEP, Sanction, and Training
- Question and Answer period
If you have any question about the program, please ask before or during the seminar or call me at 2521-3110.
For viewing the past seminar:
http://www.plsoft.com/seminar20201114/
For seeing how the new PEP Private database works:
http://www.plsoft.com/pep-private/
Sincerely
Oscar Lo
2521-3110
Seminar: AML for CSA
We are going to organize a zoom seminar on Introduction to AML for CSA. If you are interested, please sign up using the Google link here.
Seminar Title: Introduction to AML for CSA
Time: December 17, 2021 (10:30 to 12:00)
Format: Zoom Meeting
To Register: https://forms.gle/xmV61kp7eytXVmBP9
Agenda
- How to handle the AML ordinance using the new program.
- Walking through the features in AML: Client Confirmation, KYC, RBA, CDD, Sanction, PEP, Sanction, and Training
- Question and Answer period
If you have any question about the program, please ask before or during the seminar or call me at 2521-3110.
For viewing the past seminar:
http://www.plsoft.com/seminar20201114/
For seeing how the new PEP Private database works:
AML Newsletter 2
We have published the second issue of the AML Newsletter on November 8, 2021.
The curent issue talks about the new version 1.1.0 upgrade, PEP Private Check, PEP Control Center, Question and Answer.
If you are interested, please go to AML Download to download the newest Newsletter.
Thank you!
Seminar: Managing PEP using PEP Private
Content:
1. What constitues a PEP?
2. What to do next?
3. PEP Private database.
4. PEP Private Check.
5. PEP Control Center
Date: November 4, 2021
Time: 15:00 to 16:00
via Zoom.
If you are interested please call Mr. Oscar Lo at 2521-3110 to register.
Thank you!
Intro. to AML for CSA
We are going to organize a Zoom seminar on Introduction to AML for CSA on September 20, 2021.
If you are interested, please sign up using the Google link here.
Seminar Title: Introduction to AML for CSA
Date: September 20, 2021
Time: 15:00 to 16:00
Language: Cantonese
Format: Zoom Meeting
To Register: https://forms.gle/n1ByCURs3isEYXKy8
(If you miss this seminar and would like to attend the next available one, please email your name, company name to Mr. Oscar Lo at oscar@plsoft.com or call at 2521-3110. Thank you!)
AML Newsletter
August 10, 2021
AML Newsletter, first issue.
Topic:
1. Anti-Foreign Sanction Law
2. Questions from AML Users and Answers
3. Private PEP Private
4. FATF-Virtual Assets (Bitcoins, etc) and VASP (Virtual Assets Service Provider) increased responsibilities in enforcement of AML/CFT.
5. Seminar News on Managing PEP Using PEP Private
If you are interested, please download it from AML Download. Thank you!