Financial Crime

Fraud, Scams & Cybercrime

Indonesia, India Shutter Dodgy Investment Companies

By Samuel Riding | 13/01/2017

OJK task force shuts down 6 firms for illegal operation; RBI orders 7 NBFC to close.

Anti-Money Laundering

Pakistan to Introduce Tax Amnesty

By Samuel Riding | 13/01/2017

6-month scheme would charge only 5% on returned assets in first 2 months.

Anti-Money Laundering

Ex-Falcon Manager Linked to 1MDB Jailed, Fined

By Samuel Riding | 12/01/2017

Former branch manager failed to file STRs, pleads guilty to six of 16 charges.

Anti-Money Laundering

Bangladesh Cuts Mobile Transaction Limits

By Samuel Riding | 12/01/2017

Inbound daily transfer limit slashed more than 75%.

Anti-Money Laundering

Indonesia Investigating ISIS Bitcoin Transactions

By Samuel Riding | 12/01/2017

Activist Bahrun Naim said to have transferred funds via online transfers, remittances and blockchain.

Operational Risk

Europe Grants APRA, HKMA and BOJ Equivalency on Confidentiality Rules

By Samuel Riding | 12/01/2017

Regulations on professional secrecy, restrictions on use of confidential information deemed equivalent.

Market Abuse

SEBI Said to Ask NSE Take Remedial Action on HFT

By Samuel Riding | 11/01/2017

Regulator is also considering possibility of individual fault despite forensic audit conclusions.

Operational Risk

US Regulator Fines HSBC $33mn

By Samuel Riding | 11/01/2017

Office of the Comptroller says bank failed to fix deficiencies in time.

Anti-Money Laundering

India Considering Special Panama Papers Investigation

By Samuel Riding | 10/01/2017

New investigation team would consider about 500 entities allegedly involved in offshoring controversy.