Enforcement

Enforcement

Korea Toughens Short-selling Rules

By Samuel Riding | 28/08/2017

Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.

Capital / Liquidity

Philippine Central Bank Strengthens Compliance Standards

By Editors | 28/08/2017

Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.

Market Infrastructure

Cybercrime Threatening Market Integrity – ASIC

By Samuel Riding | 23/08/2017

Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.

Enforcement

Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

By Editors | 23/08/2017

Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

Enforcement

Indian Brokers’ AML Compliance Under Heightened Scrutiny

By Editors | 20/08/2017

SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

Capital / Liquidity

China Financial Regulation Needs to be Stronger Still – IMF

By Samuel Riding | 17/08/2017

IMF praises measures such as inclusion of WMPs in bank assessments but cites concerns about growth in debt and banking sector assets.

AML / KYC

CBA in Alleged ‘Serious’ Breach of AML/CTF Rules

By Garima Chitkara | 03/08/2017

AUSTRAC began civil proceedings against the CBA for “serious and systemic” failure to comply with the AML and counter-terrorism financing laws.

Enforcement

Hong Kong Regulator ups Penalties Against Individuals

By Garima Chitkara | 01/08/2017

Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.

Securities / Derivatives

China Financial Futures Exchange Ups Enforcement

By Editors | 31/07/2017

Exchange says it addressed more than 600 ‘abnormal trades’ in 1H17 and referred nine cases to the securities regulator; keeping […]