Financial Crime

Conduct, Culture & Accountability

Korea to Implement Performance-Based Bank Pay

By Samuel Riding | 07/10/2016

Bank workers say initiative is likely to compromise quality of services.

KYC & CDD

De-risking and Asia’s Move to Centralised KYC

By Samuel Riding | 06/10/2016

How concerns about excessive KYC are driving a move away from institution to country-based systems.

Market Abuse

Former Mega Bank Chairman Arrested in Taiwan

By Samuel Riding | 05/10/2016

Ex-chairman alleged to have offloaded stock in advance of US fine.

Structural Regulation

Australia Tightens Key Benchmark Rules

By Samuel Riding | 05/10/2016

New regulations require registration of benchmark-setting bodies.

Supervision & Enforcement

Australian Banking Inquiry – ANZ Denies Links to 1MDB Scandal

By Samuel Riding | 05/10/2016

CBA acknowledges “poor customer outcomes”, failed to commit on victims’ compensation.

Anti-Money Laundering

Indonesia Tax Amnesty Expected to Net $346bn

By Samuel Riding | 05/10/2016

Singapore the largest source of assets from overseas including property, gold and land.

Anti-Money Laundering

Taiwan FSC Chairman Steps Down Amid Mega Scandal

By Samuel Riding | 04/10/2016

FSC vice chairman also quits, chairman to be replaced by Huang Tien-mu.

Anti-Money Laundering

SFC Clarifies Broker Requirements

By Samuel Riding | 03/10/2016

Clarification follows unusual step of public warning on internal AML controls.

Anti-Money Laundering

US Regulator Finds Lapses at Another Mega Bank Branch

By Samuel Riding | 03/10/2016

Mega Bank now under scrutiny for suspect transactions between Chicago and Panama.