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Market Abuse
South Korea to Introduce AI Market Monitor
By Samuel Riding | 26/01/2018
Korea Exchange says it will introduce AI system in July; could later expand to cover its secondary market, KOSDAQ.
KYC & CDD
Crypto Exchanges Back on Track in S.Korea with New Account Guidelines
By Manesh Samtani | 25/01/2018
Guidelines cover dealings with exchanges, preventing money-laundering, aiding taxation; exchanges to be fined for privacy issues; payments to overseas exchanges blocked.
Anti-Money Laundering
Real Estate and Trade Finance – The New AML Battlegrounds
By Samuel Riding | 25/01/2018
After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.
Fraud, Scams & Cybercrime
Single Branch of Chinese Bank Fined $72mn for Hiding Bad Loans
By Editors | 24/01/2018
Branch of Shanghai Pudong Development Bank admits fault for issuing more than more than $12bn to over 1,400 shell companies.
Anti-Money Laundering
AML Now a Top Concern for Chinese Regulators, and a Worry for Banks
By Yaqi Bao | 24/01/2018
It is clearer than ever that Chinese regulators take AML as a major priority, but domestic banks can lack the expertise to meet ever-increasing requirements.
Market Abuse
Singaporean Jailed for 4 Months for ‘False Trading’
By Editors | 24/01/2018
Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.
Fraud, Scams & Cybercrime
ASIC Seeks Stronger Powers to Combat Cybercrime
By Manesh Samtani | 23/01/2018
Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.
Cryptocurrency
UPDATED – India Taxes Cryptocurrency Capital Gains, Banks Shut Out Exchanges
By Manesh Samtani | 23/01/2018
Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter ‘suspicious transactions’.
Cryptocurrency
Banks, Payments Providers Ordered to Halt Services for Crypto Traders
By Manesh Samtani | 23/01/2018
China’s central bank has ordered banks and payment providers to boost investigation and monitoring to detect and shut down accounts linked to cryptocurrency trading.
KYC & CDD
Chinese Banks Told to Develop e-KYC, Facial Recognition
By Samuel Riding | 22/01/2018
PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.
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