ENFORCEMENT

AML / KYC

Technology, Multi-Agency Cooperation in Focus at HKMA

By Manesh Samtani | 11/10/2018

At the Refinitiv Pan Asian Regulatory Summit, HKMA’s Carmen Chu discussed how technology and cooperation with authorities contributes to a safe and clean financial centre.

Enforcement

SFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct

By Manesh Samtani | 10/10/2018

The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.

Enforcement

ASIC Permanently Bans Another Former NAB Branch Manager

By Editors | 09/10/2018

The branch manager knowingly provided false or misleading information and documentation in loan applications and falsely attributed them to a relative for introducer commissions.

Enforcement

RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay

By Editors | 02/10/2018

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.

Enforcement

RBI Consults On Market Abuse Prevention Rules

By Garima Chitkara | 01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Enforcement

Australian Financial Sector Condemned in Royal Commission Interim Report

By Manesh Samtani | 01/10/2018

The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.

Enforcement

Former CSRC Vice Chairman Jailed for 18 Years

By Editors | 01/10/2018

Yao Gang was sentenced for taking 70 million yuan in bribes from 2006 to 2015 and for pocketing 2.1 million yuan in insider trading gains.

Enforcement

ASIC Report Reveals ‘Unacceptable Delays’ by FIs in Handling Breaches

By Manesh Samtani | 26/09/2018

Institutions take over 4 years to identify breaches, over 2 months to start an investigation into identified breaches, and 2.5 months to lodge breach reports with ASIC.

Enforcement

CFTC Imposes Fine on Mizuho Bank in Spoofing Case

By Editors | 25/09/2018

A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho’s Singapore office with no intention of executing them.