Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.
Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.
SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.
IMF praises measures such as inclusion of WMPs in bank assessments but cites concerns about growth in debt and banking sector assets.
AUSTRAC began civil proceedings against the CBA for “serious and systemic” failure to comply with the AML and counter-terrorism financing laws.
Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.
Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.