Fraud, Scams & Cybercrime

Fraud, Scams & Cybercrime

AUSTRAC Warns on Fraud, Money Laundering via Stock, Derivatives Markets

By Editors | 13/07/2017

Fraud, money laundering more prevalent than even insider trading or market manipulation, Centre suggests; only 40% of market participants filed suspicious matter reports over 2-year period.

Anti-Money Laundering

HK Brokers’ Operations Halted for Allegedly Handling Proceeds of Crime

By Editors | 13/06/2017

Hong Kong’s SFC (Securities and Futures Commission) issued a restriction notice on a foreign exchange broker amid concerns money it […]

Emerging Prudential Risks

FSB Outlines Potential Risks from Fintech Credit

By Samuel Riding | 23/05/2017

Sector could have higher financial risks, pose systemic risks, and pose regulation and monitoring challenges.

Fraud, Scams & Cybercrime

US Regulator Charges Nomura Traders with Fraud

By Samuel Riding | 22/05/2017

Traders alleged to have made extra $750,000 in profit and boosted bonuses while deliberately lying to customers.

Cybersecurity

HK SFC Launches Broker Cybersecurity Consultation

By Editors | 09/05/2017

Cybercrime rapidly becoming a top priority of Asia Pacific regulators.

KYC & CDD

Due Diligence – Separating Truth from Fiction in Southeast Asia

By Samuel Riding | 04/05/2017

Regulation Asia-Kroll roundtable with senior risk and compliance executives explores the latest issues in an increasingly complex, risky area.

Market Abuse

Ex CSRC Official Fined $73mn

By Samuel Riding | 24/04/2017

Feng Xiaoshu said to have made RMB248mn from illegal trades using family members’ accounts.

Cybersecurity

HK Regulator to Ask Brokers to Upgrade Cybersecurity

By Samuel Riding | 20/04/2017

Development follows on from January warning on DDOS hacks and blackmail.

Fraud, Scams & Cybercrime

Chinese Bank Exec in Alleged $436mn Fraud

By Samuel Riding | 19/04/2017

Fraud involved fake bank acceptance bills and ‘recycled’ wealth management products.