Financial Crime

Anti-Money Laundering

US Issues ML, Financial Crimes Report

By Samuel Riding | 07/03/2017

Institutions in 3 Asian countries said to deal in proceeds from drug trafficking that ‘significantly affects’ US.

Conduct, Culture & Accountability

Blockchain Can Win the War on Financial Misconduct

By Peter Guy | 06/03/2017

The financial sector still struggles to establish ethical conduct. Fintech offers a solution.

KYC & CDD

Indonesia to Issue CSR Circular by end-March

By Samuel Riding | 06/03/2017

Circular will be followed in May by ‘regulation in lieu of law’ to scrap banking secrecy.

Anti-Money Laundering

Australia Launches Public-Private AML/CTF Group

By Samuel Riding | 06/03/2017

Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.

Conduct, Culture & Accountability

1,100 Staff Breach Conduct Code at Australian Bank

By Samuel Riding | 03/03/2017

2 senior managers dismissed and 3 disciplined for breaches.

Market Abuse

US SEC Freezes Singapore Broker-Dealer Accounts

By Samuel Riding | 03/03/2017

US regulator alleges unknown traders gained $1.7mn from inside information, Straits Times reports.

Anti-Money Laundering

RBI Tracks Cancelled Notes to Nepal

By Samuel Riding | 03/03/2017

Officials suspect money laundering via exchange of banned notes, newspaper reports.

Cybersecurity

HK Regulatory, Compliance Demand Steady

By Samuel Riding | 01/03/2017

Morgan McKinley report says cybersecurity among the strongest areas of demand.

Anti-Money Laundering

Singapore Trusts Face Stricter Reporting Rules

By Samuel Riding | 01/03/2017

Trustees would be required to report beneficial ownership details, maintain ‘proper accounting records’.