Financial Crime

Fraud, Scams & Cybercrime

India Demonetisation Nets USD213bn

By Samuel Riding | 09/01/2017

Amount recovered is 93.5% of outstanding notes; RBI plans to expedite counting, identify fake notes.

Emerging Prudential Risks

CBRC to Tighten Supervision of Non-state-owned Banks

By Samuel Riding | 09/01/2017

Regulator says to encourage innovation, risk prevention; increase supervision including on-site inspections.

Cryptocurrency

PBOC Hones in on Bitcoin Risks

By Samuel Riding | 09/01/2017

Central bank reminds institutions bitcoin is not legal tender.

Anti-Money Laundering

Bangladesh Warns on Use of Digital Hundi

By Samuel Riding | 06/01/2017

Intelligence report finds 15 unauthorised mobile applications used for illegal form of money transfer.

Fraud, Scams & Cybercrime

SFC Bans Ex-Citibank Staff for Tampering with Client Signature

By Samuel Riding | 06/01/2017

Regulator says former employee attempted to deceive bank on client application.

Anti-Money Laundering

Former Falcon Manager in Court on 1MDB Charges

By Samuel Riding | 06/01/2017

Jens Sturzenegger the first foreigner to be prosecuted in relation to the affair.

Market Abuse

CSRC Confiscations Up 288% in 2016

By Samuel Riding | 06/01/2017

Securities regulator cites ‘unprecedentedly complex’ market environment in China.

Anti-Money Laundering

Taiwan to Beef Up AML System Before APG Evaluation

By Samuel Riding | 05/01/2017

Move aims to avoid restrictions on Taiwan’s overseas financial institutions.

Conduct, Culture & Accountability

HK SFC Reprimands, Fines MIS Services $0.4mn

By Samuel Riding | 04/01/2017

MIS Services, formerly Standard Chartered Investment Services, said non-compliant with MPF Code and Code of Conduct.