Financial Crime

Fraud, Scams & Cybercrime

Indonesia Shuts Down 19 Illegal Investment Firms

By Samuel Riding | 28/03/2017

Task force gathering intelligence via social media; has received 430 reports from whistleblowers.

KYC & CDD

India, Singapore, Guangdong Join Shift to ID Card-based KYC

By Samuel Riding | 24/03/2017

Financial institutions could soon be able to access government-held information including biometric data.

Market Abuse

MAS, Singapore Police Seal Spoofing Conviction

By Samuel Riding | 23/03/2017

Former remisier manipulated prices of stocks; traded CFDs on resulting market movements.

Emerging Prudential Risks

Updated – MAS Raises Spectre of Algo ‘Contagion’

By Samuel Riding | 21/03/2017

Singapore regulator using clustering, network analysis; to set up supervisory technology unit.

Market Abuse

Westpac, ANZ Submit to Forex Trading Supervision

By Samuel Riding | 20/03/2017

Banks will be under third-party supervision as they fix ‘systems, control and monitoring’.

Market Abuse

Japan Regulator Cites Broker for Spoofing

By Samuel Riding | 20/03/2017

Regulator says Virgin-islands registered broker manipulated four stocks.

Anti-Bribery & Corruption

Malaysia Regulators Unite on Corruption

By Samuel Riding | 20/03/2017

Central bank, anti-corruption and tax bodies to share information, best practice.

KYC & CDD

When KYC Casts Customers Adrift

By Peter Guy | 20/03/2017

A lost world of clients whose accounts are closed without explanation reveals the cruelty of automated compliance.

Anti-Money Laundering

HK SFC Fines Brokerage $335,000 for 300 AML Failures

By Samuel Riding | 15/03/2017

Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.