HK Court Clarifies Money Laundering Rule

27/07/2016

Judgment suggests even ‘clean’ money can lead to prosecution if there are circumstantial indications of an offence.

AML / KYC

Bangladesh Expects to Recoup All USD81mn from NY Fed Heist

27/07/2016

Central bank chief says RCBC likely to be held liable for theft, repay money.

Former SEC International Corporate Finance Chief to Join Latham & Watkins

26/07/2016

Paul Dudek to focus on cross-border capital markets transactions and related regulatory matters.

Securities / Derivatives

HK’s Relaunched Closing Auction Takes 2.2% of Volume on 1st Day

26/07/2016

Measure reintroduced to improve accuracy of closing share prices receives muted response.

AML / KYC

RBI Penalises Banks for Allowing Forex Scam

26/07/2016

Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.

AML / KYC

MAS to Intensify AML Inspections, Toughen Action

26/07/2016

Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.

AML / KYC

China Moots Global Tax System

26/07/2016

Minister also proposes domestic financial technology tax; issuance of SDR-denominated bonds confirmed.

China Could Ban VC Investment in A-shares

26/07/2016

Senior CSRC official says channel has been used for speculation.

Market Infrastructure

S.Korea, UK Establish Fintech Bridge

26/07/2016

Partnership to enable information sharing between FCA and Korea’s FSC on fintech regulation.