Financial Crime

Market Abuse

Chinese Hedge Fund Manager Jailed for 5 Years

By Samuel Riding | 24/01/2017

Xu Xiang said to have manipulated stocks, traded on inside information.

Cybersecurity

RBI Conducts Bank Hacking Test

By Samuel Riding | 24/01/2017

Exercise aims to determine countermeasures and enhance defences.

Conduct, Culture & Accountability

Korea to Up Audit Scrutiny of Financial Conglomerates

By Samuel Riding | 23/01/2017

Regulations would see FSC choosing auditors for the largest companies.

Anti-Money Laundering

Philippines Tightens Money Service Rules

By Samuel Riding | 23/01/2017

New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.

KYC & CDD

HK SFC Eyes ‘Unusual Volatility’ on GEM

By Samuel Riding | 23/01/2017

New guidelines aim to address ‘unusual high volatility’ on listed GEM securities.

Anti-Money Laundering

SEBI Tightens Commodity Futures Trading Rules

By Samuel Riding | 23/01/2017

Move aims to curb tax evasion through illiquid contracts.

Trading & Investment

Korea Derivatives Market ‘Mortally Wounded’ by Regulation

By Samuel Riding | 20/01/2017

Formerly the largest market, Korea derivatives trade fell 63% in five years.

KYC & CDD

Philippine Authorises ‘Cash Agents’ in Financial Inclusion Drive

By Samuel Riding | 20/01/2017

Banks will be allowed to use off-site agents, including at convenience stores, to provide withdrawals, conduct KYC.

AI Risk & Governance

The Whys and Whats of Regtech

By Nick Wakefield | 19/01/2017

Speakers at Fintech Finals discuss the rationale for regtech, and where it can be of most use.