Articles by Editors
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Countries
SGX Regulatory Subsidiary Ready to Start Operations
September 12, 2017SGX RegCo will begin operations on Friday (12 September) with three new board members joining Tan Cheng Han and Tan Boon Gin...
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AML / KYC
Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
September 12, 2017Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
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AML / KYC
Philippines Banker Indicted for Bangladesh Heist Role
September 11, 2017Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
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AML / KYC
Malaysia Central Bank to Finalise e-KYC Standards
September 11, 2017BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come...
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AML / KYC
SEBI Bars 19 Firms for Depository Receipt Market Manipulation
September 7, 2017Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult...
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Capital Regulation
Japan’s Low Interest Rate Environment Suffocates Regional Banks
September 7, 2017FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’
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Capital Regulation
SAS, KPMG Launch Microsoft Azure-based IFRS 9 Solution
August 31, 2017Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other...
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Hong Kong
HKMA Launches New Round of Trade Repository Testing
August 28, 2017Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.
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Asia-Pacific
Philippine Central Bank Strengthens Compliance Standards
August 28, 2017Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
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AML / KYC
Lawyers Seek to Sue Bank for Share Price Drop after AML Revelations
August 24, 2017Firms claim share price would not have suffered as precipitous a decline if claims of money laundering had been revealed earlier.