Financial Crime

    Market Abuse

    Cybercrime Threatening Market Integrity – ASIC

    By Samuel Riding | 23/08/2017

    Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.

    Fraud, Scams & Cybercrime

    Japan FSA to Set up Anti Cybercrime, Money Laundering Bureau

    By Editors | 23/08/2017

    Internal reorganisation acknowledges growing role of fintech, which will be regulated by FSA Planning and Coordination Bureau with enhanced powers.

    Cybersecurity

    Philippines Central Bank to Embrace Regtech

    By Samuel Riding | 21/08/2017

    Regtech to include API for FIs’ reporting; BSP to push financial services firms to improve cyberdefences; two bitcoin exchanges get regulatory approval.

    Cryptocurrency

    Australia Signals Currency Status, AML Clampdown for Bitcoin

    By Samuel Riding | 21/08/2017

    Cryptocurrency to be brought under AUSTRAC; proposal to follow Japan in giving bitcoin legal tender status being considered by central bank.

    Anti-Money Laundering

    Indian Brokers’ AML Compliance Under Heightened Scrutiny

    By Editors | 20/08/2017

    SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

    Anti-Money Laundering

    Philippines Removed from AML/CTF Blacklist

    By Samuel Riding | 16/08/2017

    Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.

    Market Abuse

    Japanese Brokerages Testing AI Systems to Detect Market Manipulation

    By Garima Chitkara | 14/08/2017

    SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.

    Capital Adequacy

    NZ to Embark on Bank Regulation Review Following IMF Assessment

    By Garima Chitkara | 10/08/2017

    IMF views the central bank less fully compliant with the Basel Core Principles and recommended a more prescriptive rule-making approach to regulation.

    Cybersecurity

    HKMA Collecting UnionPay ATM Withdrawal Data

    By Garima Chitkara | 10/08/2017

    Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.

    Conduct, Culture & Accountability

    A Front Line Out of Control

    By Peter Guy | 07/08/2017

    Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.

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