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Fraud, Scams & Cybercrime
Indonesia Targets Illegal Investment Managers, Fund Collectors
By Editors | 28/09/2017
Nearly 50 firms have been shut down this year for operating without a license, offering unreasonably generous repayment terms, returns.
KYC & CDD
Japan FSA to Trial Blockchain KYC
By Editors | 25/09/2017
Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.
Credit Risk
Philippine Central Bank Seeks to Capture Property Loan, Project Financing Risks
By Editors | 25/09/2017
Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.
Anti-Money Laundering
AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia
By Editors | 18/09/2017
Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.
Market Abuse
Shanghai Futures Exchange Flags Abnormal Market Behaviours
By Editors | 18/09/2017
More than half of abnormal transactions which require disciplinary action by futures exchange involve the frequent placing and cancellation of orders.
Anti-Money Laundering
Indonesia Tightens AML Rules to Address Fintech Complexity
By Editors | 14/09/2017
Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
Anti-Money Laundering
Hong Kong’s Changing AML Landscape
By Kane Mak | 13/09/2017
AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.
Anti-Money Laundering
Top PBOC Official Makes AML Powerplay
By Editors | 13/09/2017
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
Credit Risk
Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
By Editors | 12/09/2017
Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
Anti-Money Laundering
Philippines Banker Indicted for Bangladesh Heist Role
By Editors | 11/09/2017
Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
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