AML / KYC
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ASIC Flags OTC Derivatives Compliance Failures
Samuel Riding, Regulation Asia June 21, 2016More than 70% of firms authorised to sell retail OTC derivatives said failing to meet requirements.
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SGX Finalises Sustainability Reporting Rules
Samuel Riding, Regulation Asia June 21, 2016Singapore Exchange introduces reporting on ‘comply or explain’ basis.
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No Super-Regulator Soon, China Think Tank Says
Samuel Riding, Regulation Asia June 17, 2016Influential research center says reform should focus on ‘regulatory philosophy’ over next 2-3 years.
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Indonesia Setting up Investments for Tax Amnesty Influx
Samuel Riding, Regulation Asia June 16, 2016Infrastructure funds could capture some of the millions of dollars expected to repatriated.
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Bangladesh to Prosecute Staff Involved in USD81mn Heist
Samuel Riding, Regulation Asia June 16, 201611 central bank staff ask for different posts as finance ministry prepares criminal cases.
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SWIFT to Beef up Spending on Security
Samuel Riding, Regulation Asia June 15, 2016Board earmarks investment and staff to boost security after Bangladesh heist.
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MAS Sets Up Dedicated AML Unit
Samuel Riding, Regulation Asia June 14, 2016Singapore regulator will also create new enforcement unit, drawing in staff from different divisions.
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Vietnam, S.Korea to Cooperate on Financial Supervision
Samuel Riding, Regulation Asia June 13, 2016Vietnam’s NFSC and Korea’s FSC will also share data on regulatory activities and financial institutions.
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ASIC Starts 1st Civil Action on Best Interests Rule
Samuel Riding, Regulation Asia June 10, 2016Regulator says financial adviser breached ‘best interests duty’ in selling life risk insurance.
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ASIC Consults on Fintech Sandbox
Samuel Riding, Regulation Asia June 8, 2016Regulator proposes six-month licensing exemption, modified organisational competence requirements.
