Securities regulator says current maximum punishments are not sufficient as they don’t wipe out gains made from illicit activity.
Order issued after reports that hackers breached bank's online transaction system and stole $60mn which was distributed via SWIFT.
Why supporting supply chain activity could be a regulatory and reputational minefield for banks.
RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.
AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.
Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.
SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.
WhatsApp et al have widened a grey area in compliance rival financial messaging services are trying to exploit.
Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.