Financial Crime

Market Abuse

SGX Launches Trade Surveillance Tools

By Samuel Riding | 29/09/2016

Exchange issues Trade Surveillance Handbook covering spoofing, layering and marking the close.

Anti-Money Laundering

Singapore has Strong AML, CTF Framework—FATF

By Samuel Riding | 28/09/2016

But assessment report warns of need to enhance supervision of all financial institutions.

KYC & CDD

Accuity Adds Beneficial Ownership Identification to Bankers Almanac

By Samuel Riding | 28/09/2016

Function identifies beneficial ownership interests of 0.1% or more versus regulatory thresholds of 10% or 20%.

KYC & CDD

CRS: More than Just a Global FATCA

By Editors | 27/09/2016

Whitepaper explores the complex requirements of looming reporting standard.

Cybersecurity

Taiwan Regulator to Tighten Monitoring after Cyber-Attacks

By Samuel Riding | 27/09/2016

Hacks on banking and securities operations of First Financial caused systems to shut down.

PEPs & Sanctions

China Probes N.Korean Bank for Sanctions Busting

By Samuel Riding | 27/09/2016

Branch of Kwangson Bank should have been closed down under UN resolution, but continued to operate.

Conduct, Culture & Accountability

Wells Fargo – An Old-fashioned Failure of Banking Ethics

By Peter Guy | 26/09/2016

Latest violations show the profound disconnect between banks’ senior management, ethics and regulations.

Capital Adequacy

New Zealand to Enhance Bank Disclosure Rules

By Samuel Riding | 26/09/2016

Proposal aims to improve efficiency of prudential requirements for banks and non-bank deposit takers.

Anti-Money Laundering

Philippines Proposes New Money Service Rules

By Samuel Riding | 26/09/2016

Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows