AML / KYC

Top PBOC Official Makes AML Powerplay

13/09/2017

Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.

Market Infrastructure

SGX Regulatory Subsidiary Ready to Start Operations

12/09/2017

SGX RegCo will begin operations on Friday (12 September) with three new board members joining Tan Cheng Han and Tan Boon Gin at the helm.

AML / KYC

Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures

12/09/2017

Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.

AML / KYC

Philippines Banker Indicted for Bangladesh Heist Role

11/09/2017

Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.

AML / KYC

Malaysia Central Bank to Finalise e-KYC Standards

11/09/2017

BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.

AML / KYC

SEBI Bars 19 Firms for Depository Receipt Market Manipulation

07/09/2017

Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.

Capital / Liquidity

Japan’s Low Interest Rate Environment Suffocates Regional Banks

07/09/2017

FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’

Capital / Liquidity

SAS, KPMG Launch Microsoft Azure-based IFRS 9 Solution

31/08/2017

Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other regulatory requirements.

Fintech / Regtech

HKMA Launches New Round of Trade Repository Testing

28/08/2017

Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.