Financial Crime

Market Abuse

Thailand Introduces Stiff Penalties for Market Malpractice

By Samuel Riding | 14/12/2016

Offenders could face substantial financial penalties and 10-year bans.

Anti-Money Laundering

HKMA Issues AML/CTF Competency Framework

By Samuel Riding | 14/12/2016

Enrolment in courses run by Hong Kong Institute of Bankers begins in April 2017.

Fraud, Scams & Cybercrime

Bangladesh Bank Officials Said Involved in $81mn Heist

By Samuel Riding | 13/12/2016

Investigation finds central banks own officials connived to steal money.

Anti-Money Laundering

NZ Central Bank Warns Credit Union on AML/ CTF

By Samuel Riding | 13/12/2016

RBNZ says Aotearoa union failed to conduct due diligence, monitor accounts.

KYC & CDD

Central Issues in APAC Buy-side KYC and AML

By Fullerton Fund Management | 12/12/2016

Deep-rooted regulatory issues can be solved through innovation and cooperation.

Structural Regulation

Philippines Eases Bank Branch Opening Rules

By Samuel Riding | 12/12/2016

Lenders will now be able to set up branches in previously restricted areas.

Market Abuse

Indian Gov’t Says NSE Gave Preferential Access

By Samuel Riding | 12/12/2016

Finance minister Arjun Meghwal says loophole making system prone to manipulation closed on 3 December.

Anti-Bribery & Corruption

20 ‘HK DBS Staff’ Arrested in Data Leak Investigation

By Samuel Riding | 12/12/2016

Staff alleged to have bribed managers to obtain customer data and sell high-interest loans.

Supervision & Enforcement

HK SFC Fined Firms $3.33mn in 1H16

By Samuel Riding | 09/12/2016

Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.