AML / KYC
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493HK SFC Sees Criminal Charges Surge
Editors, Regulation Asia December 7, 2017Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.
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775HK SFC, CSRC Agree Investor ID System for Northbound Stock Connect
Editors, Regulation Asia December 4, 2017SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.
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643Report Sets out Macau AML/CTF Weaknesses
Editors, Regulation Asia December 4, 2017Asia Pacific Group says authorities have not yet grasped cross-border AML risks, but praises use of intelligence to produce suspicious transaction reports.
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China Micro-lenders Ordered to Halt Business
Editors, Regulation Asia November 27, 2017Murkiest of shadow banking sectors has extended short term credit of more than $150bn; extremely high rates, collection methods have led to ‘social problems’.
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Singapore, Abu Dhabi to Cooperate on Banking Supervision, Markets, Fintech
Editors, Regulation Asia November 27, 2017Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.
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Bank Officials Involved in Majority of Online Banking Forgeries in Bangladesh
Garima Chitkara, Regulation Asia November 23, 2017A Bangladesh Institute of Bank Management survey has found that bank officials are directly involved in 67 per cent of online banking forgeries in collusion with IT firms.
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Philippines Looks to Blockchain to Spur Financial Inclusion
Garima Chitkara, Regulation Asia November 23, 2017The Bankers Association of the Philippines has launched a digitisation initiative to facilitate customer identity management and verification through blockchain technology.
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Southeast Asia CTF Group Established
Editors, Regulation Asia November 23, 2017Group led initially by AUSTRAC and Philippines Anti-Money Laundering Council aims to disrupt sources of funding, movement and use of funds.
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1.5KThe Challenges for Offshore Banks Onboarding China’s HNWIs
Appway November 20, 2017Digital onboarding can help banks provide a superior customer experience, guarantee AML compliance and improve internal efficiency.
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Hong Kong to Continue to Allow Mutual Fund Sales Commissions
Editors, Regulation Asia November 20, 2017Securities and Futures Commission says Hong Kong is not ready to ban commissions and introduce a pay for advice model.
