Financial Crime

Credit Risk

RBI Granted More Powers to Tackle Bad Loans

By Samuel Riding | 08/05/2017

Central bank can direct banks on how to deal with stressed assets.

Capital Adequacy

Malaysia Removes Bank Reserve Funds Requirement

By Samuel Riding | 08/05/2017

Central bank suggests banks will be allowed to use freed-up funds to issue dividends.

KYC & CDD

Due Diligence – Separating Truth from Fiction in Southeast Asia

By Samuel Riding | 04/05/2017

Regulation Asia-Kroll roundtable with senior risk and compliance executives explores the latest issues in an increasingly complex, risky area.

Liquidity Risk

HKMA Issues Annual Report

By Samuel Riding | 04/05/2017

Complaints against AIs up 9%, 1,729 cases completed; central bank warns on liquidity risk.

KYC & CDD

HKMA Eyeing KYC Utility

By Samuel Riding | 27/04/2017

Deputy chief executive acknowledges heightened due diligence on account opening has harmed Hong Kong’s reputation.

Cryptocurrency

Bitcoin Forum Reveals PBOC Rectification Order

By Samuel Riding | 26/04/2017

Exchanges told to adhere to regulations on securities, futures and forex; tighten AML controls.

Anti-Money Laundering

MAS, Singapore Police Set up AML/CTF Partnership

By Samuel Riding | 25/04/2017

Group including 8 Singapore banks will ‘enhance detection and mitigation of transnational risks’.

Market Abuse

Chinese Legislature Reviews Securities Law Amendments

By Samuel Riding | 25/04/2017

Proposed changes include greater enforcement, punishment powers for CSRC.

Market Abuse

Ex CSRC Official Fined $73mn

By Samuel Riding | 24/04/2017

Feng Xiaoshu said to have made RMB248mn from illegal trades using family members’ accounts.