AML / KYC

OCBC Received Police Award for Foiling Fraud Attempt

15/04/2019

OCBC was able to recover $205,000 from a Malaysian bank after a transaction was flagged by its fraud surveillance unit as not fitting the client’s usual patterns.

Enforcement

Goldman, Credit Suisse Raided in Seoul in Samsung BioLogics Probe

15/04/2019

Prosecutors are reportedly looking for information about a scrapped Nasdaq listing of a Samsung BioLogics subsidiary, to shed light on possible accounting irregularities.

Fintech / Regtech

New Global Blockchain Association INATBA Takes Shape

15/04/2019

SWIFT, Ripple, Accenture, Barclays, BBVA, Deutsche Börse and R3 are among the 105 founding members of the International Association of Trusted Blockchain Applications.

Market Infrastructure

Beijing Municipal Government Seeks QDII, RQDII Expansion

15/04/2019

Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.

Fintech / Regtech

India Brokers Asked to Report on AI, ML Systems by 15 Apr

13/04/2019

In line with  January circular from SEBI, BSE India has asked stock brokers to submit their cybersecurity compliance reports for the Jan-Mar quarter.

AML / KYC

Japan FSA Proposes Stronger Regulation for Crypto Assets

13/04/2019

In a bill to amend the law, the FSA proposes the introduction of stronger protections for investors and restrictions to prevent misconduct in the crypto sector.

Enforcement

CBA has Complied with 2014 Financial Advice Licence Conditions

12/04/2019

CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.

Enforcement

Australian Authorities Bust Vietnamese Money Transfer Cartel

12/04/2019

The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam’s Sacombank.

Market Infrastructure

SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth

12/04/2019

New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.