Financial Crime

Market Abuse

Information Leaks, Insider Info Declining – ASIC

By Samuel Riding | 07/11/2016

Report reminds firms to review sell-side, corporate advisory regulatory requirements.

Anti-Money Laundering

AUSTRAC to Assist Fintech Firms on AML, CTF

By Samuel Riding | 07/11/2016

New site will inform firms on AML, CTF issues; enable direct contact with regulator.

Supervision & Enforcement

S.Korea, Oman Boost Regulatory Cooperation

By Samuel Riding | 07/11/2016

Agreement will bolster both countries regulatory system and financial markets.

Market Abuse

China Warns of Market Manipulation via Stock Connect

By Samuel Riding | 07/11/2016

CSRC holds joint training session with Hong Kong regulator, issues warning statement.

Fraud, Scams & Cybercrime

Bangladesh to Get $15mn of Heist Money Back This Week

By Samuel Riding | 07/11/2016

A further $30mn which found its way to a casino’s accounts is expected to follow.

Market Abuse

Former UOB Rep Banned Over $6.48mn Trading Loss

By Samuel Riding | 03/11/2016

Former representative said to have breached Code of Conduct; banned for 10 years.

Anti-Money Laundering

Australia, China Join Forces on AML/CTF

By Samuel Riding | 03/11/2016

Agreement boosts jurisdictions’ analytical capacity and enforcement to combat illicit funding.

KYC & CDD

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

Market Abuse

SEBI ‘Reconsidering’ Record Fine

By Samuel Riding | 02/11/2016

Tribunal asks regulator to ‘set aside’ fine of USD1bn for illegal investment fund raising.