Financial Crime

    PEPs & Sanctions

    HKMA Ticks off, Fines Coutts for AML Failings

    By Samuel Riding | 12/04/2017

    Firm said to have inadequate PEP identification procedures for more than three years.

    Fraud, Scams & Cybercrime

    Indian Banks Seek Forensic Auditors Amid Fraud Fears

    By Samuel Riding | 12/04/2017

    Association says auditors should have at least 10 years experience for the largest suspected frauds.

    Supervision & Enforcement

    CBRC Ups the Ante on Supervision, Enforcement

    By Samuel Riding | 11/04/2017

    Banks ordered to conduct reviews of risk and compliance as new chairman Guo Shuqing toughens stance.

    Cybersecurity

    BSP to Mandate Multi-factor Authentication

    By Samuel Riding | 10/04/2017

    Measures are a reaction to rising threat of cybercrime.

    Capital Adequacy

    RBI Sets Out Regulation, Supervision Agenda

    By Samuel Riding | 07/04/2017

    Upcoming measures include new ‘corrective action’ framework and REIT, InvIT investment rules.

    Supervision & Enforcement

    Malaysia Inks Cross-border Agreements with Philippines, Thailand

    By Samuel Riding | 07/04/2017

    MoU with Thailand covers cross-border supervision; Philippines agreement confirms ABIF details.

    Anti-Money Laundering

    US Extra-territorial Enforcement is Here to Stay

    By JP Reimann | 06/04/2017

    Compliance with US overseas enforcement actions is unlikely to change in Asia despite the dilemma it raises for the region’s banks.

    Structural Regulation

    HK Counts Down to MiC Regime

    By Samuel Riding | 06/04/2017

    SFC publishes revised reporting forms for licensed corporations just over two weeks from start of new regime.

    Credit Risk

    Australia Cracks Down on Interest-Only Loans

    By Editors | 03/04/2017

    ASIC and APRA separately announce measures against interest-only lending.

    Supervision & Enforcement

    IOSCO Enhances Cross-Border Enforcement Cooperation

    By Editors | 03/04/2017

    New powers enable members to share and obtain audit work, internet records and phone records.

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