Trade Based Money Laundering

TBML: Bangladesh Banks Ordered to Implement Vessel Tracking

24/04/2022

Bangladesh Bank issued the order to ensure banks comply with guidelines issued by BFIU requiring them to establish vessel-tracking systems.

Structural Regulation

SZSE Issues Guidance on Funding Infrastructure REIT Acquisitions

23/04/2022

The proposed guidelines seek to improve the ability of listed infrastructure REITs to issue more shares to fund acquisitions and optimise their portfolios.

Trading & Investment

BSEC Relaxes Circuit Breaker Limit, Disciplines Brokers

23/04/2022

The adjustment boosted market liquidity and fresh investments by participants, while the disciplinary actions helped to bolster investor confidence.

Conduct, Culture & Accountability

CA ANZ May Discipline 12 KPMG Accountants for Cheating

23/04/2022

More than 400 CA ANZ members were found to have cheated on online training tests, but only 12 are being put through the body’s disciplinary process.

Capital Adequacy

RBI Issues Guidance on New Regulatory Framework for NBFCs

23/04/2022

The new guidelines cover capital requirements, large exposure limits, lending caps, and disclosures requirements for large NBFCs.

Fraud, Scams & Cybercrime

Australia: Deloitte Resolves Case of False Expense Claims

22/04/2022

Former director Paul Quill has reportedly agreed to repay Deloitte for over A$3mn of personal purchases claimed as work expenditures.

Fraud, Scams & Cybercrime

Singapore Court Jails Company Director for Cheating Three Banks

22/04/2022

The man used fake invoices in business loan applications to cheat OCBC, Maybank and UOB out of about SGD 2.6 million.

Credit Risk

Vietnam Banks Heed SBV Directive, Limit Real Estate Loans

22/04/2022

The SBV had asked banks to direct credit away from risky areas such as real estate and towards productive industries.

Anti-Money Laundering

FATF Vows ‘Swift and Decisive Action’ on Effectiveness

22/04/2022

The commitment includes action to promptly implement global beneficial ownership rules and increase countries’ capabilities to recover criminal assets.