Financial Crime

KYC & CDD

India Sets Deadline for KYC Uploads to Central Server

By Samuel Riding | 11/11/2016

Funds have until end of March to comply with SEBI requirement.

Anti-Bribery & Corruption

Ex-CSRC Official Admits Taking Bribes

By Samuel Riding | 11/11/2016

Li Liang pleads guilty to taking $1mn from nine companies.

Anti-Money Laundering

ASIC Security Adviser Charged with ML Offences

By Samuel Riding | 11/11/2016

High level employee alleged to have created false documents, illegally altered information.

Anti-Money Laundering

HK SFC Forms Specialist Teams for Key Risk Areas

By Samuel Riding | 10/11/2016

Temporary teams will cover IPO misconduct, misconduct on GEM; AML/KYC, and mis-selling.

Market Abuse

SSE Reports Insurance Firm to Securities Commission

By Samuel Riding | 10/11/2016

Exchange says insurer almost exclusively made short-term trades for 10 months.

Fraud, Scams & Cybercrime

Laos Central Bank Warns on Illegal Fundraising

By Samuel Riding | 09/11/2016

Financial institutions found to have attracted about 200,000 depositors with offers of 6%-9% interest.

Anti-Money Laundering

India Flushes Out Fake Notes in Overnight Gambit

By Samuel Riding | 09/11/2016

Current series of ₹1,000 and ₹500 notes cancelled overnight; ₹2,000 to be introduced.

Capital Adequacy

The Big Picture – ‘Chiz’ Escudero, Chair of Philippines Senate Banking Committee

By Samuel Riding | 08/11/2016

Campaigning Senator talks Basel III, banking secrecy and more.

Emerging Prudential Risks

Korea Regulator Enters ‘Emergency Mode’ Amid Scandal

By Samuel Riding | 08/11/2016

FSC says to step up monitoring and attempt to stabilise markets over increasing uncertainties.