AML / KYC

India Could Bring Bitcoin Regulation Under SEBI

18/07/2017

Despite earlier talk of blanket ban, panel set up in April close to agreeing model which would give bitcoin similar status to a commodity.

Capital / Liquidity

PBOC to Ramp Up Regulatory Oversight

17/07/2017

Increased oversight by central bank may have put paid to talk of super regulator; regulators could be found guilty of […]

Market Infrastructure

Emerging Asian Markets Suffer Shutdowns, Cyberattacks

17/07/2017

Exchanges in India and Indonesia suffer outages, citing ‘technical issues’; brokers connected to Bursa Malaysia report spate of cyberattacks on two separate days.

Market Infrastructure

China Exchanges Eye Financial Infrastructure ‘Belt and Road’

17/07/2017

SSE, CFFEX meetings to discuss stake in CSE (Chittagong Stock Exchange) follows their participation in consortium which bought 30% of Pakistan bourse.

AML / KYC

AUSTRAC Warns on Fraud, Money Laundering via Stock, Derivatives Markets

13/07/2017

Fraud, money laundering more prevalent than even insider trading or market manipulation, Centre suggests; only 40% of market participants filed suspicious matter reports over 2-year period.

AML / KYC

Singapore Banker Gets 2nd Conviction for 1MDB-related Offences

13/07/2017

Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.

Capital / Liquidity

Bank Risks Under Control, Market Supervision to Intensify – China Regulators

13/07/2017

Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.

Market Infrastructure

Korean Banks Under Fire for ‘Excessive’ Fees

12/07/2017

FSS figures show banks have made $57.6bn from fees since 2013; President Moon pledged to tackle issue of excessive fees but no action has been taken yet.

AML / KYC

Japan FSA Probing AML Compliance at Regional Banks

12/07/2017

Regulator concerned rules introduced last October are not being executed consistently as regional and other smaller banks deal with increasing number of international transactions.