Articles by Editors
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AML / KYC
Singapore Banker Gets 2nd Conviction for 1MDB-related Offences
July 13, 2017Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering...
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Capital Regulation
Bank Risks Under Control, Market Supervision to Intensify – China Regulators
July 13, 2017Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.
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Korea
Korean Banks Under Fire for ‘Excessive’ Fees
July 12, 2017FSS figures show banks have made $57.6bn from fees since 2013; President Moon pledged to tackle issue of excessive fees but no...
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AML / KYC
Japan FSA Probing AML Compliance at Regional Banks
July 12, 2017Regulator concerned rules introduced last October are not being executed consistently as regional and other smaller banks deal with increasing number of...
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Uncategorised
Slim Chance of China Making Bitcoin a Currency, PBOC Adviser Says
July 11, 2017Sheng Songcheng says bitcoin lacks 'fundamental attributes', but advocates government-derived virtual currency as Beijing-based institute researches blockchain and related financial technologies.
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Asia-Pacific
Malaysia Introduces Capital Market Competency Guidelines
July 10, 2017Malaysian regulators aim to improve the competitiveness of the domestic capital markets by enhancing the soft and hard skills and professional ability...
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Capital Regulation
HK Beats Singapore to Resolution Regime
July 10, 2017HKMA narrowly outpaces Singapore rival to enacting regime; becomes lead resolution body with responsibility for securities and insurance as well as banking.
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Enforcement
China Regulators Target ‘Rat’ Traders
July 10, 2017Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big...
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Australia & NZ
Australian Bank Reacts to Regulatory Clampdown on Consumer Debt
July 7, 2017Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by...
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AML / KYC
US Regulators Flex Muscles in Asia
July 6, 2017Grip could be set to get even tighter if DOJ proposals on accessing documents, expanding AML predicates are implemented.