Financial Crime

Anti-Money Laundering

FINMA Orders ‘Coutts’ to Pay $6.5mn for 1MDB Breaches

By Samuel Riding | 03/02/2017

Swiss regulator says bank’s own legal unit suspected transaction information was ‘entirely fabricated’.

Market Abuse

Korea Regulator Warns on Audit Leaks

By Samuel Riding | 02/02/2017

Move aims to curb illegally obtained audit info during accounting and settlement period.

Conduct, Culture & Accountability

Australian Banks to Share Info on ‘Bad Advisers’

By Samuel Riding | 01/02/2017

Bankers association aims to address misconduct, charging for undelivered services.

Anti-Money Laundering

Philippine AMLC Chief Quits

By Samuel Riding | 01/02/2017

Resignation follows last year’s harsh criticism from president Duterte.

Anti-Money Laundering

Indonesian Money Changers Said to Distribute $300mn in Drug Proceeds

By Samuel Riding | 01/02/2017

Investigator says four dealers operating without a license, two in breach of central bank regulations.

Anti-Money Laundering

Bangladesh Central Bank to Install New SWIFT System

By Samuel Riding | 30/01/2017

New cybersecurity system aims to avoid ‘unwanted incidents’ in overseas payments.

Anti-Money Laundering

PBOC Orders Banks to up Scrutiny of Overseas Business

By Samuel Riding | 30/01/2017

Banks should review acquisition targets’ future profitability, strengthen AML/CTF supervision.

Credit Risk

RBI to Push Back Asset Quality Review

By Samuel Riding | 30/01/2017

Banks said to have spent last two months dealing with impact of demonetisation.

Market Abuse

Vietnam Eyes New Disclosure Rules for Bank Shareholders

By Samuel Riding | 27/01/2017

SBV governor said the proposal aims to keep banks under control, restore confidence.