Financial Crime

Conduct, Culture & Accountability

HK SFC Issues Management Accountability Rules

By Samuel Riding | 19/12/2016

Proposals cover eight main functions including compliance and AML/CTF.

Emerging Prudential Risks

APRA Defers International Exposures Reporting Deadline

By Samuel Riding | 19/12/2016

Banks will now have until the end of next year to report their data.

Anti-Money Laundering

Killing King Cash – The Perils of Demonetisation

By Peter Guy | 19/12/2016

Government moves to reduce cash in circulation have rightly resulted in public suspicion and disorder.

Anti-Money Laundering

AUSTRAC Targets ML via Pubs, Clubs

By Samuel Riding | 16/12/2016

Centre issues fact sheets warning business owners to protect themselves.

Market Abuse

India Seeks to Ban 5 Brokers Over NSEL Scam

By Samuel Riding | 16/12/2016

Court order includes accusations that brokers are not ‘fit and proper’ to act in securities market.

Fraud, Scams & Cybercrime

SFC Revokes Securities Firm License for ‘Egregious Conduct’

By Samuel Riding | 16/12/2016

Officers banned from the industry for using client money for personal use.

Anti-Money Laundering

500 Indian Bank Branches Monitored in ML Probe

By Samuel Riding | 16/12/2016

Enforcement Directorate figures show four banks illicitly remitted $1.8bn outside India.

KYC & CDD

Indonesia – 2016 in Review

By Samuel Riding | 15/12/2016

Indonesian regulators boosted efforts on tax avoidance, financial technology and KYC this year.

KYC & CDD

Myanmar Clamps Down on Foreign Bank Accounts

By Samuel Riding | 15/12/2016

Banks given only 8 days to report foreign accounts held by executives; most held in Singapore.