Anti-Money Laundering

Regulation Asia: Top Ten News Stories for 2019

20/12/2019

This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.

Anti-Money Laundering

Regulation Asia: Top Ten Contributed Articles for 2019

20/12/2019

This list presents the most-read contributed articles published by Regulation Asia in 2019, based on aggregated user traffic analytics.

Payments & Settlements

South Korea Formally Launches Open Banking Service

20/12/2019

Open banking will serve as a catalyst for various innovations and bring tectonic shifts in the financial industry, FSC chairman Eun Sung-soo said at the launch event.

Anti-Bribery & Corruption

Bursa Malaysia Adds Anti-Corruption Measures to Listing Requirements

20/12/2019

New requirements to have anti-corruption and whistle-blowing policies in place will promote better governance, accountability and transparency for investors.

Capital Adequacy

China State Fund, UOB Among Investors to Rescue Hengfeng Bank

20/12/2019

A unit of China’s state fund, the Shandong government’s asset management arm, and UOB are among those that will invest in new shares to prop up troubled lender Hengfeng Bank.

Anti-Money Laundering

BSP Probes Ten Banks Linked to Westpac AML Violations

19/12/2019

The banks received funds for their clients through the Bank of the Philippine Islands, which was the local partner of the Westpac money transfer service known as LitePay.

Payments & Settlements

India Shows How Policy Can Solve Financial Inclusion: BIS Paper

19/12/2019

The paper highlights India’s Aadhaar programme, which promotes financial inclusion, offers more robust AML/CFT checks, and has led to the creation of several innovative and interoperable digital platforms.

Operational Risk

ANZ Announces New Remediation Costs to ‘Fix’ 3.4m Customer Accounts

19/12/2019

At its AGM on Tuesday, ANZ announced an additional A$682mn charge for remediation work, where a total 3.4 million accounts “need fixing”.

Structural Regulation

JP Morgan Secures Business Licence for China Joint Venture

19/12/2019

The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.