Financial Crime

Supervision & Enforcement

Pakistan to Enhance Enforcement in 2017

By Samuel Riding | 03/01/2017

SECP chairman says to also prioritise ease of doing business and regulatory framework development.

Anti-Money Laundering

China Tightens Transaction Reporting Rules

By Samuel Riding | 03/01/2017

Large transaction reporting threshold reduced to $7,200.

KYC & CDD

Taiwan Signs up to FATCA

By Samuel Riding | 03/01/2017

Previously only reported number of clients and total amount held in Taiwanese accounts.

Fraud, Scams & Cybercrime

Philippine SEC Seeks Banking Secrecy Exemption

By Samuel Riding | 28/12/2016

Secrecy law is the only issue preventing regulator from joining IOSCO.

Supervision & Enforcement

Malaysia Warns on Reporting Obligations

By Samuel Riding | 28/12/2016

BNM says it has started enforcement action against a financial institution for forex-related misconduct.

Supervision & Enforcement

CSRC Warns 5 Brokers on Compliance

By Samuel Riding | 28/12/2016

Securities regulator also says to tighten supervision of asset managers.

Anti-Money Laundering

Pakistan Moots Demonetisation

By Samuel Riding | 23/12/2016

Move would ‘reduce illicit money inflow, and reduce the size of undocumented economy’.

Anti-Money Laundering

Ex-BSI Banker Jailed for 30 Months

By Samuel Riding | 23/12/2016

Yeo Jiawei said to have had working relationship with Jho Low; faces another 7 charges next year.

Anti-Money Laundering

Singapore – 2016 in Review

By Samuel Riding | 22/12/2016

MAS gained power as it sought to bolster Singapore’s reputation as a financial centre.