US regulator FINRA has fined ICBC Financial Services for failing to have an AML program in place; ICBC FS also settled a case with the US SEC, paying $860,000 for failing to report suspicious transactions in its penny stock trading...
China will allow foreign banks to set up branches and subsidiaries in Shanghai amid a host of measures to further open up the city’s financial sector.
The Australian government is set to mandate Open Banking, requiring banks to provide data to other service providers to help customers compare banking service costs.
The US bank's Hong Kong unit has applied for 51% stake in a Chinese securities firm; also announced plans for majority stake in its fund management joint venture.
Indonesia to Tighten Rules on Fintech LendersMay 19, 2018
Hong Kong Allows Corporate Setup for Investment FundsMay 19, 2018
Myanmar Approves Formation of First Credit BureauMay 18, 2018
China Gives the CBIRC Exclusive Supervision Over Leasing IndustryMay 17, 2018
Thailand ‘Digital Asset’ Decree Takes EffectMay 17, 2018
Hong Kong SFC Releases Further Details on Licensing RegimeMay 17, 2018
BSE Receives US SEC “Designated Offshore Securities Market” StatusMay 17, 2018
ICBC’s US Securities Unit Fined $5.3mn for AML FailuresMay 17, 2018
Singapore Releases AML/CTF Best Practice PapersMay 17, 2018
ASIFMA: China’s Reforms Target Increased Foreign ParticipationMay 17, 2018