Enforcement

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’.

Capital / Liquidity

India Interprets P2P Lenders as Non-bank Finance Companies

By Editors | 21/09/2017

Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.

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.