Financial Crime

Anti-Bribery & Corruption

Corrupt Lao Officials ‘Voluntarily’ Returning Money

By Samuel Riding | 26/01/2017

Government campaign aims to curb ‘rampant corruption’ including bribes, kickbacks, forgery and fraud.

Supervision & Enforcement

BNM Fines Institution $315,000 for Failing to Report Misconduct

By Samuel Riding | 25/01/2017

Central bank says institution failed to report misconduct found during an audit, has been ‘strongly censured’.

Market Abuse

India to Tighten P-Note Regulation

By Samuel Riding | 24/01/2017

SEBI chairman cites concerns about tax evasion, stock price manipulation.

Market Abuse

Chinese Hedge Fund Manager Jailed for 5 Years

By Samuel Riding | 24/01/2017

Xu Xiang said to have manipulated stocks, traded on inside information.

Cybersecurity

RBI Conducts Bank Hacking Test

By Samuel Riding | 24/01/2017

Exercise aims to determine countermeasures and enhance defences.

Conduct, Culture & Accountability

Korea to Up Audit Scrutiny of Financial Conglomerates

By Samuel Riding | 23/01/2017

Regulations would see FSC choosing auditors for the largest companies.

Anti-Money Laundering

Philippines Tightens Money Service Rules

By Samuel Riding | 23/01/2017

New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.

KYC & CDD

HK SFC Eyes ‘Unusual Volatility’ on GEM

By Samuel Riding | 23/01/2017

New guidelines aim to address ‘unusual high volatility’ on listed GEM securities.

Anti-Money Laundering

SEBI Tightens Commodity Futures Trading Rules

By Samuel Riding | 23/01/2017

Move aims to curb tax evasion through illiquid contracts.