ENFORCEMENT

Enforcement

New Zealand Raises the Bar for Bank Outsourcing

By Editors | 21/09/2017

Largest banks will be required to have measures in place to survive the failure of a key service provider, according to new outsourcing policy.

AML / KYC

AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia

By Editors | 18/09/2017

Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.

Enforcement

Shanghai Futures Exchange Flags Abnormal Market Behaviours

By Editors | 18/09/2017

More than half of abnormal transactions which require disciplinary action by futures exchange involve the frequent placing and cancellation of orders.

AML / KYC

Top PBOC Official Makes AML Powerplay

By Editors | 13/09/2017

Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.

AML / KYC

Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures

By Editors | 12/09/2017

Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.

Enforcement

ASIC Eyes Accountability for Algorithmic System Operators

By Samuel Riding | 11/09/2017

Regulator’s chairman says each algorithmic system must have designated individual responsible for design and outcomes, echoing new bank accountability regime.

AML / KYC

Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements

By Samuel Riding | 07/09/2017

New regulations will require firms involved in securities and futures markets to set up separate  AML/CTF units, boost FSC inspection powers.

AML / KYC

SEBI Bars 19 Firms for Depository Receipt Market Manipulation

By Editors | 07/09/2017

Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.

Crypto / Digital Assets

Hong Kong Joins Singapore, US in Labelling Some ICOs as Securities

By Samuel Riding | 06/09/2017

SFC says some ICOs are either share, debenture or collective investment schemes; some traders in secondary market could be regulated entities.