Fraud, Scams & Cybercrime

Market Abuse

HK SFC Asks Brokerage to Freeze Client Account

By Samuel Riding | 19/12/2016

Regulator says client account is suspected of being involved in market manipulation, account hacking.

Fraud, Scams & Cybercrime

SFC Revokes Securities Firm License for ‘Egregious Conduct’

By Samuel Riding | 16/12/2016

Officers banned from the industry for using client money for personal use.

Conduct, Culture & Accountability

Korean Banks’ Performance-Based Pay Prompts Backlash

By Samuel Riding | 14/12/2016

Union says Financial Services Commission pressured banks to adopt the system.

Fraud, Scams & Cybercrime

Bangladesh Bank Officials Said Involved in $81mn Heist

By Samuel Riding | 13/12/2016

Investigation finds central banks own officials connived to steal money.

Supervision & Enforcement

HK SFC Fined Firms $3.33mn in 1H16

By Samuel Riding | 09/12/2016

Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.

Fraud, Scams & Cybercrime

China Launches Acceptance Bills Exchange

By Samuel Riding | 09/12/2016

New exchange aims to prevent fraud amidst PBOC concerns about ‘opaque information trading’.

Structural Regulation

ASIC Issues Licensing Report

By Samuel Riding | 07/12/2016

Regulator concerned by misleading applications, overseas misrepresentation by OTC derivative licensees.

Fraud, Scams & Cybercrime

Thailand Bans 11 Kasikornbank Staff in Fraud Case

By Samuel Riding | 05/12/2016

Probe finds bank has poor risk and data management, internal controls and compliance systems.

Anti-Money Laundering

India Uncovers $2.34bn of Illegal Broker Transactions

By Samuel Riding | 22/11/2016

Tax office says brokerage ‘never bothered to verify KYC norms’.