ENFORCEMENT

AML / KYC

Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

By Editors | 09/10/2017

Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

AML / KYC

Standard Chartered Guernsey-Singapore Transfers Under Investigation

By Editors | 09/10/2017

Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

AML / KYC

Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime

By Editors | 05/10/2017

Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.

AML / KYC

China Raises AML Concerns About Non-financial Sectors

By Editors | 05/10/2017

PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.

Enforcement

Malaysia Revising Prudential Framework for Outsourcing by Financial Institutions

By Editors | 04/10/2017

Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.

Enforcement

Asia Pacific FIs Enter New Era of Accountability

By Editors | 28/09/2017

Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.

Enforcement

Indonesia Targets Illegal Investment Managers, Fund Collectors

By Editors | 28/09/2017

Nearly 50 firms have been shut down this year for operating without a license, offering unreasonably generous repayment terms, returns.

Enforcement

HK Regulator Seals 1st Conviction of Unlicensed Offshore Brokerage

By Editors | 25/09/2017

ETrade HK advertised its services for four years without a license; SFC says successful prosecution a 1st for the offence.

Capital / Liquidity

Philippine Central Bank Seeks to Capture Property Loan, Project Financing Risks

By Editors | 25/09/2017

Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.