AML / KYC
-
Malaysia Central Bank to Finalise e-KYC Standards
Editors, Regulation Asia September 11, 2017BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.
-
Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements
Samuel Riding, Regulation Asia September 7, 2017New regulations will require firms involved in securities and futures markets to set up separate AML/CTF units, boost FSC inspection powers.
-
SEBI Bars 19 Firms for Depository Receipt Market Manipulation
Editors, Regulation Asia September 7, 2017Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.
-
Top CBRC Adviser Flags Failures to Address Operational Risks
Samuel Riding, Regulation Asia September 6, 2017CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
-
China Joins Stampede to Regulate ICOs
Samuel Riding, Regulation Asia August 31, 2017Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.
-
HK SFC, Police Join Forces to Combat Financial Crime
Samuel Riding, Regulation Asia August 29, 2017Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.
-
Australian Regulator Launches CBA Inquiry
Samuel Riding, Regulation Asia August 29, 2017APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.
-
Lawyers Seek to Sue Bank for Share Price Drop after AML Revelations
Editors, Regulation Asia August 24, 2017Firms claim share price would not have suffered as precipitous a decline if claims of money laundering had been revealed earlier.
-
Australia Signals Currency Status, AML Clampdown for Bitcoin
Samuel Riding, Regulation Asia August 21, 2017Cryptocurrency to be brought under AUSTRAC; proposal to follow Japan in giving bitcoin legal tender status being considered by central bank.
-
Indian Brokers’ AML Compliance Under Heightened Scrutiny
Editors, Regulation Asia August 21, 2017SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.
