Enforcement

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.

Securities / Derivatives

CSRC Fines P2P ‘Hyper’ $500mn

By Samuel Riding | 27/02/2017

Company chairman misrepresented firm as P2P business despite no involvement in sector.

AML / KYC

Taiwan FSC Fines ANZ for TRF Mis-selling

By Samuel Riding | 09/12/2016

Investigation finds ANZ helped customers buy RMB-linked forwards for which they were unfit.

Enforcement

DBS Taiwan Fined for TRF Mis-selling

By Samuel Riding | 02/12/2016

Regulator has so far fined 16 banks $2.25mn for malpractice in selling the currency options.