PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.
Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.
New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn...
US Federal Reserve Board cites deficiencies in Mega Bank's operations, risk management and compliance controls in relation to AML and bank secrecy...
Central bank warning comes as prime minister asks for increased inspection and supervision over banks.
New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation 'above and beyond' regulatory obligations.
BSP has begun reporting international banking statistics from January 2018, having met BIS standards for completeness and quality.
The country will automatically exchange tax information from January 2017 with 61 countries under the OECD’s Common Reporting Standards.
Circular sent to firms following a feedback report issued by the Joint Financial Intelligence Unit.
Shenzhen, Shanghai exchanges confirm stock pledges and repos must serve real economy, limit proportion of stock allowed to be pledged.