Financial Crime

Anti-Money Laundering

Bangladesh Cuts Mobile Transaction Limits

By Samuel Riding | 12/01/2017

Inbound daily transfer limit slashed more than 75%.

Anti-Money Laundering

Indonesia Investigating ISIS Bitcoin Transactions

By Samuel Riding | 12/01/2017

Activist Bahrun Naim said to have transferred funds via online transfers, remittances and blockchain.

Operational Risk

Europe Grants APRA, HKMA and BOJ Equivalency on Confidentiality Rules

By Samuel Riding | 12/01/2017

Regulations on professional secrecy, restrictions on use of confidential information deemed equivalent.

Market Abuse

SEBI Said to Ask NSE Take Remedial Action on HFT

By Samuel Riding | 11/01/2017

Regulator is also considering possibility of individual fault despite forensic audit conclusions.

Operational Risk

US Regulator Fines HSBC $33mn

By Samuel Riding | 11/01/2017

Office of the Comptroller says bank failed to fix deficiencies in time.

Anti-Money Laundering

India Considering Special Panama Papers Investigation

By Samuel Riding | 10/01/2017

New investigation team would consider about 500 entities allegedly involved in offshoring controversy.

KYC & CDD

Thailand Tightens Unrated Bonds KYC Monitoring

By Samuel Riding | 09/01/2017

Almost half of country’s $7.3bn in unrated bonds are bills of exchange.

Anti-Money Laundering

Malaysia to Shut Down 1MDB

By Samuel Riding | 09/01/2017

Central bank has concluded investigations; other countries continue to probe offences.

Fraud, Scams & Cybercrime

India Demonetisation Nets USD213bn

By Samuel Riding | 09/01/2017

Amount recovered is 93.5% of outstanding notes; RBI plans to expedite counting, identify fake notes.