AML / KYC
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India’s New Central KYC System Frustrates SEBI
Editors, Regulation Asia August 11, 2016Government bodies creating duplicating, unsynchronised systems.
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ASIC Prompts Banks on Handling of Sensitive Information
Editors, Regulation Asia August 10, 2016While most firms have adequate policies, implementation is inconsistent.
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Continuous Disclosure Tops ASIC’s Enforcement List
Editors, Regulation Asia August 10, 201633 percent of ASIC market integrity enforcements addressed listed firms' disclosure burden.
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BSP Imposes $21mn Fine Following AML Failures
Editors, Regulation Asia August 8, 2016Largest-ever fine imposed after USD 81M Bangladesh Bank heist on RCBC.
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India Launches Site to Curb Illegal Deposit Takers
Editors, Regulation Asia August 5, 2016The site offers the public information about deposit-taking entities, handles complaints.
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CBRC Proposing Tighter Rules for WMPs
Editors, Regulation Asia July 28, 2016The government’s move aims to prevent shadow-financing risks.
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CSRC to Tighten Brokerage Industry Supervision
Editors, Regulation Asia July 28, 2016Stronger internal compliance and risk protocols required before year end.
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Bangladesh Expects to Recoup All USD81mn from NY Fed Heist
Samuel Riding, Regulation Asia July 27, 2016Central bank chief says RCBC likely to be held liable for theft, repay money.
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RBI Penalises Banks for Allowing Forex Scam
Samuel Riding, Regulation Asia July 26, 2016Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.
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MAS to Intensify AML Inspections, Toughen Action
Samuel Riding, Regulation Asia July 26, 2016Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.
