Anti-Money Laundering

Fraud, Scams & Cybercrime

Indian Banks Seek Forensic Auditors Amid Fraud Fears

By Samuel Riding | 12/04/2017

Association says auditors should have at least 10 years experience for the largest suspected frauds.

Cybersecurity

BSP to Mandate Multi-factor Authentication

By Samuel Riding | 10/04/2017

Measures are a reaction to rising threat of cybercrime.

Anti-Money Laundering

US Extra-territorial Enforcement is Here to Stay

By JP Reimann | 06/04/2017

Compliance with US overseas enforcement actions is unlikely to change in Asia despite the dilemma it raises for the region’s banks.

Structural Regulation

HK Counts Down to MiC Regime

By Samuel Riding | 06/04/2017

SFC publishes revised reporting forms for licensed corporations just over two weeks from start of new regime.

Emerging Prudential Risks

Updated – MAS Raises Spectre of Algo ‘Contagion’

By Samuel Riding | 21/03/2017

Singapore regulator using clustering, network analysis; to set up supervisory technology unit.

Anti-Money Laundering

HK SFC Fines Brokerage $335,000 for 300 AML Failures

By Samuel Riding | 15/03/2017

Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.

Structural Regulation

Regulatory Rollback? Don’t Bet on It

By Samuel Riding | 14/03/2017

APAC institutions banking on having an easier time in the Trump-Brexit era could be in for a rude awakening.

Anti-Money Laundering

AUSTRAC Flags AML/CTF Compliance Weaknesses

By Samuel Riding | 09/03/2017

Centre identifies failures in risk assessments, outsourcing and governance.

Cryptocurrency

Top PBOC Official Flags Bitcoin Risks

By Samuel Riding | 07/03/2017

Zhou Xuedong moots negative list for exchanges; cites fund security, money laundering risks.