Financial Crime

Anti-Money Laundering

Singapore Banker Gets 2nd Conviction for 1MDB-related Offences

By Editors | 13/07/2017

Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.

Credit Risk

Bank Risks Under Control, Market Supervision to Intensify – China Regulators

By Editors | 13/07/2017

Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.

Conduct, Culture & Accountability

Australia Launches Bank Management Accountability Consultation

By Samuel Riding | 13/07/2017

BEAR – Banking Executive Accountability Regime – would allow regulator to more easily ban directors and senior managers; influence remuneration policies.

Anti-Money Laundering

Japan FSA Probing AML Compliance at Regional Banks

By Editors | 12/07/2017

Regulator concerned rules introduced last October are not being executed consistently as regional and other smaller banks deal with increasing number of international transactions.

Market Abuse

China Regulators Target ‘Rat’ Traders

By Editors | 10/07/2017

Ministry of Public Security says it has uncovered 80 cases of the form of insider trading since 2014. CSRC to use big data as it continues crackdown.

Payments & Settlements

The Regulatory Path to a Digital Payment Economy

By Peter Guy | 10/07/2017

Peril, innovation or salvation – the spectre of a cashless economy means different things to everyone.

Credit Risk

Australian Bank Reacts to Regulatory Clampdown on Consumer Debt

By Editors | 07/07/2017

Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by other lenders.

Market Abuse

US Regulators Flex Muscles in Asia

By Editors | 06/07/2017

Grip could be set to get even tighter if DOJ proposals on accessing documents, expanding AML predicates are implemented.