ENFORCEMENT

Capital / Liquidity

MAS Takes Next Step Towards Increased Powers

By Editors | 06/07/2017

Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.

Enforcement

HK SFC, CSRC to Boost Stock Connect Supervision

By Editors | 03/07/2017

Regulators conducted 60 joint investigations in 1H16, taking total to 365 since Shanghai-HK link established in 2014.

Enforcement

Enforcement – ‘Market Manipulation’ in Australia and China

By Editors | 28/06/2017

ASIC says Macquarie Securities failed to escalate suspicions; China-based HFT to pay $101mn.

AML / KYC

Fubon Bank Fined for AML Rule Violation

By Editors | 15/06/2017

Taiwan’s FSC (Financial Supervisory Commission) has reportedly fined Taipei Fubon Commercial Bank NT$1 million (US$33,200) for failing to report large […]

Enforcement

ASIC Flags Fund Manager Compliance Failures

By Editors | 15/06/2017

ASIC (the Australian Securities and Investments Commission) issued recommendations to improve conduct in the funds management sector, citing several failures […]

AML / KYC

HKMA Ticks off, Fines Coutts for AML Failings

By Samuel Riding | 12/04/2017

Firm said to have inadequate PEP identification procedures for more than three years.

Enforcement

US Extra-territorial Enforcement is Here to Stay

By JP Reimann | 06/04/2017

Compliance with US overseas enforcement actions is unlikely to change in Asia despite the dilemma it raises for the region’s banks.

AML / KYC

HK SFC Fines Brokerage $335,000 for 300 AML Failures

By Samuel Riding | 15/03/2017

Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.

AML / KYC

HK SFC Fines Securities Firm for AML Breaches

By Samuel Riding | 07/03/2017

Firm breached 3 regulations including SFC Code of Conduct.