Financial Crime

Conduct, Culture & Accountability

Australian Banks Failing to Meet Unfair Contract Terms

By Samuel Riding | 10/03/2017

ASIC deputy chair says it is considering ‘all regulatory options’.

Cybersecurity

India Launches Payment Cybersecurity, KYC Consultation

By Samuel Riding | 10/03/2017

Electronic pre-paid payment instrument issuers required to establish information security, privacy policy.

KYC & CDD

Philippines to Allow ‘Video Messaging’ KYC

By Samuel Riding | 10/03/2017

BSP deputy governor says new rules will ease banking access in rural areas.

Market Abuse

Pakistan Escalates Insider Trading Crackdown

By Samuel Riding | 10/03/2017

24 brokers issued ‘show cause’ notices, another 26 in the firing line.

Conduct, Culture & Accountability

Red Flags in HK Managers in Charge Regime

By Samuel Riding | 09/03/2017

July deadline looming large over financial institutions and their service providers.

Market Risk

Japan to Audit Regional Banks’ Foreign Debt Exposure

By Samuel Riding | 09/03/2017

Probe will also look at senior management involvement in decisions of asset management units.

Anti-Money Laundering

AUSTRAC Flags AML/CTF Compliance Weaknesses

By Samuel Riding | 09/03/2017

Centre identifies failures in risk assessments, outsourcing and governance.

Supervision & Enforcement

ASIC Issues 2H16 Enforcement Report

By Samuel Riding | 08/03/2017

Regulator cites tackling ‘ailing confidence in market based system’ as a priority.

Cryptocurrency

Top PBOC Official Flags Bitcoin Risks

By Samuel Riding | 07/03/2017

Zhou Xuedong moots negative list for exchanges; cites fund security, money laundering risks.