Financial Crime

Trading & Investment

Technology, Regulation and the Future of FX Trading

By Peter Guy | 24/04/2017

Regulations and fintech are competing to determine trading’s new frontiers.

Supervision & Enforcement

S.Korea Regulator to Focus on ‘Ex-post’ Supervision

By Samuel Riding | 21/04/2017

Governor tells foreign firms FSS will shift from ‘punitive and ex-ante supervision’ in ‘the Age of VUCA’.

Structural Regulation

Pakistan Board of Revenue Eyes Removal of Bank Tax Breaks

By Samuel Riding | 21/04/2017

Agency is also considering stiffer rules on banks’ provision of taxpayer information.

Cybersecurity

HK Regulator to Ask Brokers to Upgrade Cybersecurity

By Samuel Riding | 20/04/2017

Development follows on from January warning on DDOS hacks and blackmail.

Fraud, Scams & Cybercrime

Chinese Bank Exec in Alleged $436mn Fraud

By Samuel Riding | 19/04/2017

Fraud involved fake bank acceptance bills and ‘recycled’ wealth management products.

Cybersecurity

Indian Central Bank to Set up Cyber-Emergency Team

By Samuel Riding | 19/04/2017

Recent ‘ethical hack’ found cybersecurity weaknesses at two public sector banks.

KYC & CDD

Philippines to Introduce ‘Basic’ Banking

By Samuel Riding | 18/04/2017

Accounts will have easier KYC and low balance requirements in bid to boost financial inclusion.

Cloud & Infrastructure

Hong Kong Pitches for Regtech Leadership

By JP Reimann | 13/04/2017

Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.

Cryptocurrency

India Eyes Virtual Currency Regulation

By Samuel Riding | 13/04/2017

Committee launched 2 months after central bank reminder that all VC platforms are unlicensed.