Financial Crime

Fraud, Scams & Cybercrime

Thailand Bans 11 Kasikornbank Staff in Fraud Case

By Samuel Riding | 05/12/2016

Probe finds bank has poor risk and data management, internal controls and compliance systems.

Market Abuse

Japan to Introduce Corporate Disclosure Rules

By Samuel Riding | 04/12/2016

Measures will aim to prevent information leaks; follow censures of Deutsche, Credit Suisse.

Anti-Money Laundering

Philippines Set to Boost AML Council Powers

By Samuel Riding | 02/12/2016

Strengthened AML Act would include power to immediately freeze accounts.

Market Abuse

ASX to Take Control of BBSW

By Samuel Riding | 02/12/2016

Financial Markets Association to hand over reins as ASIC cases continue.

Anti-Money Laundering

StanChart Fined $3.8mn as MAS 1MDB Probe Nears Conclusion

By Samuel Riding | 02/12/2016

Former Goldman Sachs director banned from regulated activity for making false statements.

Market Abuse

China Sets up Regional Financial Crime Bureaus

By Samuel Riding | 01/12/2016

Move is a response to stock market ‘irregularities’; teams cover five provincies/cities.

Anti-Money Laundering

S.Korea to Create National AML/CTF Alert System

By Samuel Riding | 30/11/2016

Finance minister says to extend reporting requirements to non-financial institutions.

AI Risk & Governance

Regtech in Asia – Regulators Playing Catch-up

By Samuel Riding | 29/11/2016

Regulators appear to be lagging behind market infrastructure and institutions in using technology.

Emerging Prudential Risks

Malaysia Appoints Financial Stability Committee Members

By Samuel Riding | 29/11/2016

Committee can decide measures to ‘reduce or avoid risks’, central bank says.