Enforcement
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45ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime
Manesh Samtani, Regulation Asia April 26, 2018Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to...
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14Cambodia Warns Against Online Lending Firms
Editors, Regulation Asia April 26, 2018Central bank says many online lending firms are not licensed, making the loans illegal.
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11ASIC Consults on Industry Funding Levy Amendments
JP Reimann, Regulation Asia April 26, 2018Australia released new draft regulations to make technical amendments to the levies in the industry funding framework; consultation closes on 14 May...
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9Crackdown on Illegal Financing to Continue – PBOC
JP Reimann, Regulation Asia April 26, 2018China’s central bank issued a warning on all illegal fundraising, including through financing intermediaries, online finance platforms, real estate, agriculture, ICOs.
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23FSB Publishes Toolkit on Combatting Misconduct
Editors, Regulation Asia April 24, 2018Toolkit offers options on standards and codes of behavior, measures related to wholesale market conduct, guidance on compensation, and tools for strengthening...
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27Sri Lanka Affirms Commitment to Preventing Financial Crime
Editors, Regulation Asia April 23, 2018As the country looks to increase grass-roots access to finance, it will require greater engagement with the international financial community, requiring greater...
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37Australia Toughens Criminal, Civil Penalties for Misconduct
Manesh Samtani, Regulation Asia April 23, 2018Criminal offences can result in 10 years imprisonment or $725,000 for individuals; or the larger of $7.25 million, 3 times the benefits,...
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32Indonesia to Limit Cash Transactions to Curb Corruption
Editors, Regulation Asia April 22, 2018Proposed bill will limit cash payments by corporations and individuals to a maximum of IDR100 million, or USD7,200.
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27ASIC Seeks Powers to Hasten Bank Remediation
Manesh Samtani, Regulation Asia April 20, 2018Australian banks take on average over 4 years to identify misconduct, over 4 months to report it, over 7 months post-investigation to...
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27
Australia Consults on Enforcement Powers for Client Money Rules
Editors, Regulation Asia April 20, 2018Draft law provides ASIC with wider range of tools to enforce better protections for client money held for OTC derivatives.
