Financial Crime

Cybersecurity

HK Launches Brokerage Cybersecurity Review

By Samuel Riding | 14/10/2016

SFC says compromised or unauthorised transactions amounted to $12.89mn.

Anti-Money Laundering

Indian Investigators Probe P-Note Data

By Samuel Riding | 13/10/2016

Regulator hands over list of beneficial owners and transfer trails for P-note investments.

AI Risk & Governance

Regtech for Regulators – A New Paradigm

By Samuel Riding | 13/10/2016

Study suggests regulators are behind those they regulate in implementing technology.

Fraud, Scams & Cybercrime

HK, Australia Targeted in Odinaff SWIFT Attacks

By Samuel Riding | 12/10/2016

Report warns upcoming attacks could be similar to Bangladesh Bank heist.

Anti-Money Laundering

Guangdong Underground Banking Crackdown Nets 350 Suspects

By Samuel Riding | 12/10/2016

More than $34bn in illegal transactions uncovered so far this year.

Trade Based Money Laundering

Thomson Reuters Launches TRAC to Combat Trade Based Money Laundering

By Samuel Riding | 11/10/2016

SINGAPORE / HONG KONG, 11 October, 2016 – Thomson Reuters announces today the launch of TRAC, its new anti-money laundering […]

Fraud, Scams & Cybercrime

Too Big to Care

By Peter Guy | 11/10/2016

Wells Fargo scandal shows regulation’s failure to protect individual customers.

Anti-Money Laundering

Updated – MAS Shuts Falcon Bank Singapore Operations

By Samuel Riding | 11/10/2016

Swiss regulator claims USD3.8bn of 1MDB money went via Falcon; MAS also fines DBS, UBS for control failures.

Fraud, Scams & Cybercrime

India Calls Top Brokers to Account

By Samuel Riding | 07/10/2016

Show cause notices issued to brokers for alleged involvement in USD853mn spot exchange scam.