Anti-Money Laundering

500 Indian Bank Branches Monitored in ML Probe

16/12/2016

Enforcement Directorate figures show four banks illicitly remitted $1.8bn outside India.

Structural Regulation

Indonesia Exchange Re-expands Price Swing Limits

16/12/2016

Stocks can now rise or fall 20% in a session; previous downside limit was 10%.

Capital Adequacy

Japan – 2016 in Review

15/12/2016

Japanese regulators break from the pack on capital regulation, HFT and fintech.

KYC & CDD

Indonesia – 2016 in Review

15/12/2016

Indonesian regulators boosted efforts on tax avoidance, financial technology and KYC this year.

Cloud & Infrastructure

ASIC Claims World-first Fintech Licensing Exemption

15/12/2016

New rule allows fintech firms to test services through meeting ASIC requirements and notification.

Structural Regulation

Laos Liberalises Foreign Currency Bank Lending Rules

15/12/2016

Move aims to address importers’ need to secure foreign currency loans.

Structural Regulation

Philippines Eases FX Rules to Support 100% Foreign Ownership of Banks

15/12/2016

Central bank has been amending rules related to foreign banking in bid to attract more depositors.

KYC & CDD

Myanmar Clamps Down on Foreign Bank Accounts

15/12/2016

Banks given only 8 days to report foreign accounts held by executives; most held in Singapore.

Anti-Money Laundering

Australia to Set up Black Money Taskforce

15/12/2016

Group will aim to recoup tax and could remove A$100 note from circulation.