Financial Crime

Supervision & Enforcement

Pakistan Exchange Suspends Chief Regulatory Officer

By Samuel Riding | 15/02/2017

PSX has received 485 claims against defaulting brokerage MR Securities.

Fraud, Scams & Cybercrime

Ex-HSBC Employee Banned for Life

By Samuel Riding | 14/02/2017

SFC says Li Lee not fit and proper to be licensed following criminal convictions.

Anti-Bribery & Corruption

Korea Exchange Chief Drawn into Park Sandal

By Samuel Riding | 13/02/2017

Former FSC vice-chairman Jeong Chan-woo accused of meddling with private financial institutions’ affairs.

Supervision & Enforcement

Bank of England Fines Japanese Bank $33.34Mn

By Samuel Riding | 13/02/2017

Bank failed to report US regulator’s enforcement action against them to the Bank of England.

Market Abuse

Indonesia Exchange Seeks to Ward off ‘Marking the Close’

By Samuel Riding | 13/02/2017

IDX could follow Malaysia, Singapore, HK exchanges in opening up pre-closing trade to scrutiny.

Supervision & Enforcement

RBI Sets up Enforcement Unit

By Samuel Riding | 10/02/2017

Indian central bank also setting up standing committee on cybersecurity.

Fraud, Scams & Cybercrime

Ex-Westpac Banker Jailed for Mis-selling $3mn of Loans

By Samuel Riding | 10/02/2017

Investigation finds former banker encouraged elderly victims to borrow and invest despite their limited means.

KYC & CDD

SEBI Close to Tightening P-note Rules

By Samuel Riding | 10/02/2017

Regulator in advanced stages of discussion with special investigation team.

Supervision & Enforcement

Pakistan, Nepal Ink Supervision Agreement

By Samuel Riding | 10/02/2017

Central banks will cooperate on financial supervision, exchange information.