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Anti-Money Laundering
AUSTRAC Hails Tabcorp Fine for AML/CTF Breaches
By Garima Chitkara | 16/11/2017
Casino and gaming operator fined more than $34mn for a series of AML/CTF failures; AUSTRAC stresses management responsibility.
Market Abuse
Australian Banks’ Rate Rigging Settlement Confirmed
By Editors | 13/11/2017
ANZ and NAB will pay a total of $76mn for attempting to manipulate Bank Bill Swap Rate; Westpac Banking still fighting claims.
Market Abuse
HK Court Confirms SFC Authority in Insider Trading Conducted Overseas
By Samuel Riding | 13/11/2017
Court also rules a person’s lack of awareness they are trading on inside information doesn’t mean they don’t have to pay back illicit gains.
Trading & Investment
China Internet Finance Association Warns on Illegal Leveraged Trading
By Editors | 13/11/2017
Trade body says no online forex, precious metal, futures or index-based leveraged trading has yet been approved by national regulators.
KYC & CDD
No Privacy in Paradise
By Peter Guy | 13/11/2017
Look beyond the lurid financial gossip and the Paradise Papers show how technology is opening the banking system to scrutiny.
Cloud & Infrastructure
Thailand to Boost Fintech Use With New Law
By Garima Chitkara | 09/11/2017
Regulator says current laws are hindering development of financial technology sector; aims to promote ‘full scale digital economy’.
Structural Regulation
Singapore and China Regulators to Increase Mutual Market Supervision
By Editors | 06/11/2017
Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.
Credit Risk
India to Require Biggest Corporate Borrowers to Use LEIs
By Editors | 06/11/2017
Corporate borrowers which do not satisfy LEI requirement will not be allowed any more credit amid continued efforts to clean up bad debt.
Anti-Money Laundering
China to Clampdown on Money Laundering via Property Market
By Editors | 06/11/2017
**Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
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Anti-Bribery & Corruption
1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff
By Editors | 02/11/2017
Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.
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