AML / KYC

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

SEBI ‘Reconsidering’ Record Fine

02/11/2016

Tribunal asks regulator to ‘set aside’ fine of USD1bn for illegal investment fund raising.

ASIC Steps Up Surveillance

02/11/2016

Regulator collected $161mn in compensation and remediation for investors and clients.

AML / KYC

Indonesia Tightens Forex Reporting Requirements

02/11/2016

Banks must detail purposes of outbound transfers of more than $100,000.

AML / KYC

Hong Kong Suspicious Transaction Reports Surge

02/11/2016

Joint Financial Intelligence Unit received nearly 60,000 reports in 1st nine months of 2016.

Standard Chartered Involved in HK IPO Probe

02/11/2016

Bank warns of ‘financial consequences’ if regulator takes action.

Market Infrastructure

SEBI Unveils Stricter Rating Agency Rules

02/11/2016

Agencies have 60 days to comply with new rules on non-public and publicly issued stocks.

Securities / Derivatives

HKMA Revamps OTC Reporting Interface

01/11/2016

Changes include modified data fields, description, and enumerated values for mandatory reporting.

Indonesia President Orders Banks to Cut Fees

01/11/2016

Move aims to boost savings rate to 32% of GDP.