AML / KYC
-
Philippines Moots ‘Hard Regulations’ for Bitcoin
Samuel Riding, Regulation Asia June 5, 2016Central bank official says exchanges currently seen as equivalent to remittance providers.
-
CSRC Warns on Private Fund Sales to Retail Investors
Samuel Riding, Regulation Asia June 3, 2016Regulator clamping down on practice of slicing off portions of private funds for sale.
-
RBI Tells Banks to Implement Cybersecurity Plans
Samuel Riding, Regulation Asia June 3, 2016Financial institutions told to put plans in place immediately, categorise their level of risk.
-
Guotai Junan Fined for Breaching Client ID Rule
Samuel Riding, Regulation Asia May 31, 2016SFC says securities firm took more than six months to comply with two-day disclosure rule.
-
SWIFT to Reinforce Security
Samuel Riding, Regulation Asia May 25, 2016Messaging service has had security questioned since Bangladesh Bank scandal.
-
MAS Orders Branch of Swiss Private Bank to Shut Down
Samuel Riding, Regulation Asia May 24, 2016Regulator says bank involved in Singapore’s ‘worst case of control lapses and gross misconduct’.
-
SFC to Consult on Investor Identity Disclosure
Samuel Riding, Regulation Asia May 23, 2016Brokers could be required to disclose identities of individuals making equity trades.
-
Compliance Costs to Dominate APAC Wealth Management Budgets – EY
Samuel Riding, Regulation Asia May 19, 2016Consultant’s first APAC data shows compliance much more of a concern than in other regions.
-
US Removes Myanmar Banks from Blacklist
Samuel Riding, Regulation Asia May 18, 2016OFAC also adds two lenders to general license, says ‘most transactions’ involving all Burmese FIs now authorised.
-
HSBC Accepts ASIC Undertaking on Structured Product Sales
Samuel Riding, Regulation Asia May 18, 2016Bank required to remediate clients who may have received ‘deficient advice’.
