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Cryptocurrency
Thailand Edges Closer to Cryptocurrency Regulation
By Manesh Samtani | 05/03/2018
Securities regulator to propose regulations for initial coin offerings and other forms of cryptocurrency investment.
Fraud, Scams & Cybercrime
Recent Fraud Prompts India Trade Finance Freeze
By Editors | 03/03/2018
RBI audit of bank liabilities forces freeze on new letters of credit; foreign lenders reluctant to accept guarantees from Indian banks.
KYC & CDD
SEBI Mulling Omnibus Accounts for Gift City
By Garima Chitkara | 03/03/2018
Omnibus accounts will allow bank clients to trade without undergoing standard KYC procedures and help boost trading from offshore participants.
KYC & CDD
Bangladesh Bank to Introduce e-KYC for Account Opening
By Editors | 02/03/2018
Electronic KYC will include digital forms and thumbprint verification; bank can access national identity card database for further verification.
Cryptocurrency
China Targets Cryptocurrency Facilitators
By Manesh Samtani | 02/03/2018
Regulators are targeting firms that allow Chinese citizens to trade cryptocurrencies with local bank and online-payment accounts.
Anti-Money Laundering
CBA Defends Against Regulators’ Allegations
By Manesh Samtani | 01/03/2018
The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.
Anti-Money Laundering
Why Hong Kong’s New Trust Rules Won’t Boost AML/CTF Efforts
By Bradley Maclean | 01/03/2018
Rather than comply with new rules on beneficial owner registration and due diligence, many trusts are likely to simply leave Hong Kong for less onerous jurisdictions.
Structural Regulation
India to Ease Capital Markets Norms for Foreign Investors
By Garima Chitkara | 01/03/2018
Government to set up single-window clearance for foreign portfolio investors and allow foreign custodians to trade on behalf of their clients without registering with SEBI.
Fraud, Scams & Cybercrime
APRA Faces Questioning on Mortgage Fraud Risk Review
By Garima Chitkara | 01/03/2018
APRA chairman to answer questions on unreleased mortgage risk review findings in Australian Senate this week.
Anti-Money Laundering
Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges
By Manesh Samtani | 01/03/2018
Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.
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