AML / KYC
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MAS Closes Book on 1MDB
Editors, Regulation Asia June 1, 2017Authority issues final fines against Credit Suisse, UOB; bans former employees of now-defunct private banks.
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China Roundup – Financial Inclusion; Account Opening; Trust Lending
Samuel Riding, Regulation Asia June 1, 2017CBRC clarifies requirements for financial inclusion units; PBOC warns on suspicious transactions.
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Japan FSA Anticipates ‘C2B’ Banking System
Samuel Riding, Regulation Asia May 31, 2017Commissioner Nobuchika Mori suggests fintech will facilitate provision of ‘bespoke products to mass customers’.
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628HK Regulator, Police, Banks Set up Financial Crime Taskforce
Editors, Regulation Asia May 29, 201712-month pilot to work on ‘detection, prevention and disruption’; HKMA also joins Financial Security Expert Alliance with PBOC, Macau central bank.
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Unregistered Remittance Operators Jailed in Australia
Samuel Riding, Regulation Asia May 25, 2017AUSTRAC warns on ‘deliberate and systemic breaches’ of AML/CTF rules.
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China Regulators Confirm Readiness for CRS
Samuel Riding, Regulation Asia May 22, 2017Six departments including banking and securities regulator confirm 1 July kick-off.
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CBRC Sets out Regulatory Agenda
Samuel Riding, Regulation Asia May 18, 2017Regulator to look at possible bankruptcy regime for commercial banks, trust management, debt-equity swaps and microfinance.
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Indonesia Ends Banking Secrecy
Editors, Regulation Asia May 18, 2017Tax authorities can now access accounts held by Indonesian citizens and foreigners.
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SEBI Investigating $5bn Penny Stock Scam
Samuel Riding, Regulation Asia May 17, 2017Indian securities regulator has been using data analytics and surveillance to identify culprits.
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PBOC Sets up Fintech Committee, But No Sandbox
Samuel Riding, Regulation Asia May 16, 2017Central bank to consider several of the measures mooted by head of science and technology department in March.
