Anti-Money Laundering

Anti-Bribery & Corruption

Goldman Banker Tim Leissner Banned for Life in Hong Kong

By Editors | 04/07/2019

Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.

Cybersecurity

Asia Ahead of Other Regions in FinTech: IMF

By Editors | 04/07/2019

Policymakers are facing a balancing act between keeping up with the pace of fintech development and trying to ensure risks are well understood and mitigated.

Conduct, Culture & Accountability

Regulatory Change the Single Biggest Compliance Challenge

By Editors | 02/07/2019

Financial crime, culture & conduct risk, personal liability and technology are some of the other top compliance challenges cited in the latest Thomson Reuters Cost of Compliance report.

Anti-Money Laundering

Hong Kong Welcomes FATF ‘Overall Compliant’ Result

By Manesh Samtani | 01/07/2019

According to a government statement, Hong Kong was found to be particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.

Anti-Money Laundering

FATF Finalises AML/CFT Guidance for Service Providers

By Editors | 01/07/2019

New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.

KYC & CDD

Wolfsberg Group Publishes CBDDQ Capacity Building Materials

By Editors | 01/07/2019

The materials include high level training videos and detailed guidance on the questionnaire, aimed at facilitating its implementation and halting the decline in correspondent banking.

Supervision & Enforcement

The FATF Should Embrace the Opportunity to Reform

By Tom Keatinge | 30/06/2019

The FATF needs to recognise that it should be more transparent and be able to provide greater assurance of independence and oversight, says RUSI’s Tom Keatinge.

Supervision & Enforcement

National Auditor Finds Lending Violations at Chinese Banks

By Editors | 28/06/2019

Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.

Anti-Money Laundering

Facebook’s Libra – An Enabler of Money Laundering?

By Charles Delingpole | 26/06/2019

Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.