India to Establish Stewardship Code

06/03/2017

Code said to encourage institutional investors to engage on corporate risk, capital structure, governance and remuneration.

HK Expands Fund Disclosure Requirements

06/03/2017

All authorised funds must now disclose ongoing charges, past performance.

AML / KYC

Indonesia to Issue CSR Circular by end-March

06/03/2017

Circular will be followed in May by ‘regulation in lieu of law’ to scrap banking secrecy.

AML / KYC

Australia Launches Public-Private AML/CTF Group

06/03/2017

Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.

AML / KYC

1,100 Staff Breach Conduct Code at Australian Bank

03/03/2017

2 senior managers dismissed and 3 disciplined for breaches.

Securities / Derivatives

US SEC Freezes Singapore Broker-Dealer Accounts

03/03/2017

US regulator alleges unknown traders gained $1.7mn from inside information, Straits Times reports.

AML / KYC

RBI Tracks Cancelled Notes to Nepal

03/03/2017

Officials suspect money laundering via exchange of banned notes, newspaper reports.

Securities / Derivatives

Taiwan to Introduce Forex ETFs

03/03/2017

Securities firm to launch inverse and leveraged products this month.

HKMA Sets out Culture Requirements

03/03/2017

Banks should set up or expand board-level committees to tackle the issue.