Financial Crime

Credit Risk

CBRC Orders Regulatory Checks at Banks, Trusts

By Samuel Riding | 16/11/2016

Regulator’s move aims to address potential risks from use of loans as capital.

PEPs & Sanctions

HKMA Repeats N.Korea, Iran Warnings

By Samuel Riding | 16/11/2016

FATF plenary has said N.Korea is failing to address illicit funding, proliferation.

Market Abuse

Pakistan Warns on Share-price Manipulation

By Samuel Riding | 15/11/2016

Fraudsters using social media, texts and emails to manipulate stock prices, regulator says.

Anti-Money Laundering

AUSTRAC to Revise AML/CTF Regulations

By Samuel Riding | 15/11/2016

Draft proposals would allow non-permissioned collection, verification of customer information.

Anti-Money Laundering

Pakistan Boosts Regulator’s AML/CTF Powers

By Samuel Riding | 14/11/2016

SECP gains powers to ensure sufficient measures are taken against illicit financing.

Anti-Money Laundering

Beware Blockchain – HKMA

By Samuel Riding | 14/11/2016

Digital platforms seen as potential channel for illicit financing; could compromise data security.

Anti-Money Laundering

Vietnam’s OCB to Boost ML Defence

By Samuel Riding | 14/11/2016

AML project expected to be implemented bank-wide early next year.

Anti-Money Laundering

Ex-BSI Banker the 1st to Be Jailed in 1MDB Scandal

By Samuel Riding | 14/11/2016

Former relationship manager also fined USD17,000 and surrenders USD5.3mn in salary.

Anti-Money Laundering

HK Regulators Publish AML/CTF Training Course

By Samuel Riding | 11/11/2016

Materials can be used as a reference and for internal training.