Financial Crime

    Market Abuse

    Shanghai Futures Exchange Flags Abnormal Market Behaviours

    By Editors | 18/09/2017

    More than half of abnormal transactions which require disciplinary action by futures exchange involve the frequent placing and cancellation of orders.

    Anti-Money Laundering

    Indonesia Tightens AML Rules to Address Fintech Complexity

    By Editors | 14/09/2017

    Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.

    Anti-Money Laundering

    Hong Kong’s Changing AML Landscape

    By Kane Mak | 13/09/2017

    AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.

    Anti-Money Laundering

    Top PBOC Official Makes AML Powerplay

    By Editors | 13/09/2017

    Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.

    Credit Risk

    Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures

    By Editors | 12/09/2017

    Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.

    Anti-Money Laundering

    Philippines Banker Indicted for Bangladesh Heist Role

    By Editors | 11/09/2017

    Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.

    KYC & CDD

    Malaysia Central Bank to Finalise e-KYC Standards

    By Editors | 11/09/2017

    BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.

    Anti-Money Laundering

    Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements

    By Samuel Riding | 07/09/2017

    New regulations will require firms involved in securities and futures markets to set up separate  AML/CTF units, boost FSC inspection powers.

    Market Abuse

    SEBI Bars 19 Firms for Depository Receipt Market Manipulation

    By Editors | 07/09/2017

    Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.

    Cryptocurrency

    China Joins Stampede to Regulate ICOs

    By Samuel Riding | 31/08/2017

    Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.

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