ENFORCEMENT

Enforcement

ICBC Shanghai Boss Under Corruption Probe

By Editors | 08/06/2019

The statement from the Chinese Communist Party’s anti-corruption body did not provide details the alleged misconduct.

Enforcement

Taiwan FSC Raises Penalties for Illegal Investment from China

By Editors | 05/06/2019

Chinese investors who buy shares of Taiwan listed companies without authorisation will be fined based on their investment amount. The maximum fine is now TWD 25 million.

Market Infrastructure

Finance Should be a Force for Good: MAS

By Garima Chitkara | 05/06/2019

Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.

Enforcement

UPDATED – RBI Bans EY Member Firm from Auditing Banks

By Editors | 05/06/2019

Reports indicate the RBI had found large discrepancies in bad debt reported by banks for the 2015-2016 period, particularly in the cases of Axis Bank and YES Bank.

Enforcement

MAS Penalises Singapore National in LSE Insider Trading Case

By Editors | 05/06/2019

The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.

Enforcement

SGX RegCo Eyes Greater Enforcement, Whistleblower Protection

By Garima Chitkara | 04/06/2019

Senior officials at an SGX RegCo symposium said the regulator will take a more active role in protecting investor interests through greater enforcement action and whistleblower protection.

Enforcement

Macquarie Securities Penalised for Submitting Incorrect Regulatory Data

By Editors | 03/06/2019

Over 4 years, approximately 42 million orders containing incorrect or omitted regulatory data were submitted to ASX and Chi-X.

AML / KYC

Financial Crime on the Rise in APAC

By Editors | 31/05/2019

Almost three-quarters of Asia Pacific organisations have been victims of financial crime in the past year, according to recently published survey results by Refinitiv.

Enforcement

SFC Fines China Merchants Securities for Mishandling Client Money

By Editors | 31/05/2019

China Merchants Securities has received a second fine this week, this time for using funds from client trust accounts for purposes not allowed under the SFC’s Client Money Rules.