Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.
PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.
Banks will be urged to enhance due diligence and do more to protect data confidentiality as BNM cites risks from outsourcing to shared services.
Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.
Nearly 50 firms have been shut down this year for operating without a license, offering unreasonably generous repayment terms, returns.
ETrade HK advertised its services for four years without a license; SFC says successful prosecution a 1st for the offence.
Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.
Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.
Largest banks will be required to have measures in place to survive the failure of a key service provider, according to new outsourcing policy.
Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.