Fraud, Scams & Cybercrime

SFC Bans Former HSBC Sales Staff

08/09/2016

Duo claimed commissions on fictitious unit trust sales.

Anti-Money Laundering

Australia Exempts Some Trusts from AML/CTF Law

08/09/2016

Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.

Market Abuse

China Bond Underwriting Probe Continues

08/09/2016

Campaign started in 2013 led to tighter regulation of inter-bank market.

Structural Regulation

Asian Fund Managers Seeking Post-Brexit Reassurance: Sean Tuffy

07/09/2016

BBH’s head of regulatory intelligence suggests more funds are considering locating outside London.

Clearing & Post-Trade

ISDA Publishes China Collateral Memorandum

07/09/2016

HONG KONG, September 7, 2016 – ISDA (the International Swaps and Derivatives Association) today announced the publication of the ISDA […]

Structural Regulation

China Revises RQFII Rules

07/09/2016

Quotas to be limited to proportion of asset size; no more than 3 trustees allowed.

Cloud & Infrastructure

HKMA Launches Fintech Sandbox

07/09/2016

Scheme will include arrangements to protect volunteers in financial technology trials.

Anti-Money Laundering

Philippines Considering Repeal of Bank Secrecy Laws

07/09/2016

Philippines and Lebanon the only countries which still have such laws in place.

Fraud, Scams & Cybercrime

Indonesia Fraudsters Forge Central Bank Promissory Notes

07/09/2016

Forged documents used by fraudsters who promise to help borrowers repay loans early.