ADVERTISEMENT
KYC & CDD
China Tightens ID Card Verification at Banks
By Editors | 12/04/2018
Participating banks are now obliged to report to the police attempts to use ID cards that are fake or belonging to another person.
Fraud, Scams & Cybercrime
US Resident Pleads Guilty to Singapore Money Laundering
By Editors | 11/04/2018
American convinced victim to make $600,000 investment with promise of 30% return, but instead transferred to Singapore account.
Market Abuse
Former Maybank Executive Jailed for Insider Trading
By Samuel Riding | 11/04/2018
Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.
Tokenisation
Japan Proposes Regulatory Framework to Legalise ICOs
By Manesh Samtani | 09/04/2018
Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.
Anti-Bribery & Corruption
FSS Confirms Former Chief’s Role in Hana Bank Hiring Scandal
By Editors | 06/04/2018
Hana Financial Group chairman and KEB Hana Bank president also tied to illegal hiring of 32 employees in 2013.
Conduct, Culture & Accountability
New Chief of S.Korea’s FSS Targets Bank Profiteering from Predatory Lending
By Manesh Samtani | 05/04/2018
New FSS chief to protect investors and root out irregularities by targeting predatory lending, bank profit structures, family-run conglomerates.
Emerging Prudential Risks
China Launches Crackdown on Unlicensed Online Asset Managers
By Editors | 05/04/2018
Chinese authorities step up focus on the online asset management industry to clean up unlicensed firms.
Fraud, Scams & Cybercrime
PNB Investigation Reveals Systemic Failures at Bank, RBI
By Garima Chitkara | 05/04/2018
PNB allegedly misled the regulator about the progress of its Swift integration. Indian law enforcement noted that an ill-defined risk-based supervisory approach may have caused the RBI to miss the fraud.
Anti-Money Laundering
New Rules for Australian Crypto Exchanges Take Effect
By Manesh Samtani | 05/04/2018
Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.
Cryptocurrency
Report Suggests China May Support Global Crypto Regulation
By Manesh Samtani | 03/04/2018
PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.