Financial Crime

Anti-Money Laundering

Unregistered Remittance Operators Jailed in Australia

By Samuel Riding | 25/05/2017

AUSTRAC warns on ‘deliberate and systemic breaches’ of AML/CTF rules.

Credit Risk

RBI Sets out NPL Action Plan

By Samuel Riding | 24/05/2017

Central bank warns of enforcement action if banks don’t implement Joint Lending Forum recommendations.

Emerging Prudential Risks

FSB Outlines Potential Risks from Fintech Credit

By Samuel Riding | 23/05/2017

Sector could have higher financial risks, pose systemic risks, and pose regulation and monitoring challenges.

KYC & CDD

China Regulators Confirm Readiness for CRS

By Samuel Riding | 22/05/2017

Six departments including banking and securities regulator confirm 1 July kick-off.

Fraud, Scams & Cybercrime

US Regulator Charges Nomura Traders with Fraud

By Samuel Riding | 22/05/2017

Traders alleged to have made extra $750,000 in profit and boosted bonuses while deliberately lying to customers.

Market Abuse

ASIC FX Probe Nears End with Macquarie Undertaking

By Samuel Riding | 22/05/2017

Macquarie follows Big 4 lenders in promising to fix and monitor conduct by forex traders.

KYC & CDD

Indonesia Ends Banking Secrecy

By Editors | 18/05/2017

Tax authorities can now access accounts held by Indonesian citizens and foreigners.

Market Abuse

SEBI Investigating $5bn Penny Stock Scam

By Samuel Riding | 17/05/2017

Indian securities regulator has been using data analytics and surveillance to identify culprits.

Supervision & Enforcement

Legal Privilege in Cross-Border Internal Investigations

By Samuel Riding | 16/05/2017

Case arising from RBS’s actions during the last financial crisis provides an object lesson.