Financial Crime

    Anti-Money Laundering

    CBA Responds to AUSTRAC Civil Proceedings

    By Garima Chitkara | 07/08/2017

    Bank claims that the missing TTRs were due to a coding error following a software update in the IDMs since November 2012 until September 2015.

    Market Abuse

    China Cracks Down on Investment Funds for IPO Rules Violation

    By Garima Chitkara | 07/08/2017

    China has blacklisted nine funds connected to HSBC for alleged “misbehaviour” in the financial markets, specifically pertaining to IPO’s.

    Anti-Money Laundering

    CBA in Alleged ‘Serious’ Breach of AML/CTF Rules

    By Garima Chitkara | 03/08/2017

    AUSTRAC began civil proceedings against the CBA for “serious and systemic” failure to comply with the AML and counter-terrorism financing laws.

    Conduct, Culture & Accountability

    SFC Flags Irregularities in Private Funds and Discretionary Accounts

    By Garima Chitkara | 03/08/2017

    Hong Kong securities regulator expresses concerns on the management of private funds and discretionary accounts.

    Tokenisation

    Singapore Brings ICO’s Within Regulatory Ambit

    By Garima Chitkara | 02/08/2017

    Singapore regulator announces intention to regulate ICO’s that share characteristics of debt or equity securities.

    Conduct, Culture & Accountability

    Hong Kong Regulator ups Penalties Against Individuals

    By Garima Chitkara | 01/08/2017

    Fines against individuals as opposed to corporates were up in Hong Kong, a 63% increase in fines from the year before.

    Anti-Money Laundering

    Korea Regulator Flags Weaknesses in Foreign Banks’ AML

    By Editors | 31/07/2017

    FSS reveals details of AML audits covering banks and other financial services providers, says to impose strict sanctions against regulatory […]

    Market Abuse

    China Financial Futures Exchange Ups Enforcement

    By Editors | 31/07/2017

    Exchange says it addressed more than 600 ‘abnormal trades’ in 1H17 and referred nine cases to the securities regulator; keeping […]

    Market Abuse

    HKEX, CSRC and SFC on a Regulatory Collision Course

    By Peter Guy | 31/07/2017

    Regulatory problems in China market could spill into Hong Kong through HKEX’s new third board.

    KYC & CDD

    China CRS Less Burdensome than Expected

    By Editors | 27/07/2017

    But law firm warns that CRS elsewhere is likely to have greater impact on Chinese residents, particularly those who invest […]

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