Financial Crime

Trading & Investment

SZ-HK Stock Connect to Start 5 December

By Samuel Riding | 28/11/2016

Accompanying rules aim to curb cross-border illegal activity, market misconduct.

Market Abuse

Updated – ANZ, Macquarie to Pay $11mn for ‘Cartel Conduct’

By Samuel Riding | 27/11/2016

Two banks admit cartel conduct in trading MYR forex contracts out of Singapore in 2011.,

Anti-Money Laundering

BIS Consults on AML/CTF in Correspondent Banking

By Samuel Riding | 25/11/2016

Draft includes developing a risk-based approach; BIS aims to stop transactions going underground.

Anti-Money Laundering

Australia-Jordan to Exchange CTF Information

By Samuel Riding | 25/11/2016

Closer to home, AUSTRAC releases study on AML/CTF risks in superannuation funds.

Anti-Money Laundering

Philippines AML Council Files Charges Against RCBC Officials

By Samuel Riding | 24/11/2016

Regulator says officials should have acted on ‘red flags’ on Bangladesh heist money.

Clearing & Post-Trade

HK, China Clearers Set to Open ‘Stock Connect’ Accounts

By Samuel Riding | 24/11/2016

Move aims to ‘facilitate capital market connectivity and standardise cash flow’.

KYC & CDD

CRS in APAC – Are Organisations Ready?

By Editors | 24/11/2016

APAC survey benchmarks ‘state of readiness’ and emerging implementation trends.

KYC & CDD

Indonesia Opens ID Card Database to FIs

By Samuel Riding | 23/11/2016

Move designed to promote investment by easing KYC and transaction processes.

Market Abuse

ASIC Pursues Civil Claim for Market Integrity Breaches

By Samuel Riding | 23/11/2016

Regulator has issued 51 infringement notices since 2010; case relates to only one not complied with.