Fraud, Scams & Cybercrime

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.

Trading & Investment

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.

Trading & Investment

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.

Anti-Money Laundering

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.

Anti-Money Laundering

MAS to Intensify AML Inspections, Toughen Action

26/07/2016

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

Structural Regulation

China Moots Global Tax System

26/07/2016

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

Trading & Investment

China Could Ban VC Investment in A-shares

26/07/2016

Senior CSRC official says channel has been used for speculation.

Cloud & Infrastructure

S.Korea, UK Establish Fintech Bridge

26/07/2016

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

Clearing & Post-Trade

ISDA Publishes Hong Kong Clearing Classification Letter

25/07/2016

LONDON, July 25, 2016 – The International Swaps and Derivatives Association, Inc. (ISDA) has published a new clearing classification letter […]