Financial Crime

Anti-Money Laundering

India Uncovers $2.34bn of Illegal Broker Transactions

By Samuel Riding | 22/11/2016

Tax office says brokerage ‘never bothered to verify KYC norms’.

Fraud, Scams & Cybercrime

HKMA Eases Internet Banking Rules

By Samuel Riding | 21/11/2016

Increased transaction limit comes with warning on controls and customer education.

Market Abuse

CSRC ‘Punishes’ Investor for Illegal Stock Connect Trading

By Samuel Riding | 21/11/2016

Regulator has recently warned of market manipulation; Shenzhen-HK link due to launch this month

Market Abuse

SEBI Revises Insider Trading Rules

By Samuel Riding | 18/11/2016

Consolidated regulation aims to avoid conflicts of interest, abuse of power.

Anti-Money Laundering

Taiwan to Toughen AML Legislation

By Samuel Riding | 18/11/2016

Financial institutions will be required to set up dedicated AML/CTF units for the first time.

Supervision & Enforcement

CSRC Consolidates Control of Enforcement Bureau

By Samuel Riding | 18/11/2016

Regulator says move is continuation of efforts to enhance coordination and management.

Anti-Bribery & Corruption

JPMorgan Paying $264mn to Settle ‘Princelings’ Case

By Samuel Riding | 18/11/2016

US SEC says hiring of interns and other staff in Asia breached corruption act.

Market Abuse

HK SFC Bans Ex-Deutsche Securities Trader

By Samuel Riding | 18/11/2016

Ban follows Korean order to repay $36.95mn of illegal profit from stock index trades.

Conduct, Culture & Accountability

ASIC Fines Firm for Trading on Dead Client’s Account

By Samuel Riding | 17/11/2016

Securities firm fined USD150,000 for taking orders from unauthorised family member.