Group suspected of using online bitcoin platform to launder millions of RMB.
Private banking unit was hit with HKD605mn SFC fine in July 2015.
Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.
Draft SEC rules cover information disclosure, professional ability and understanding of fund agents.
Australian securities regulator also welcomes shift to industry funding model.
FSA commissioner says new regulatory approach will provide more comprehensive assessment of bank safety and soundness.
Divergent attitudes of staff at different organisational levels illustrate difficulties in implementing culture of compliance.
Tax authorities will be able to access account numbers, card owner names and tax identification numbers.
Regulator says lenders should tighten controls amid allegations of compliance failings.
Regulator asks ministry to allow acceptance of bank KYC for fund accounts.