Financial Crime

Supervision & Enforcement

CBRC Fined Banks $2.24mn in 3Q

By Samuel Riding | 19/09/2016

Agricultural Bank of China and ICBC among 44 lenders censured.

Anti-Money Laundering

Taiwan Investigating Ex-regulators in Mega Bank Case

By Samuel Riding | 19/09/2016

Parliamentary task force is looking at possible money laundering and insider trading.

Supervision & Enforcement

Regulation Should be a Scalpel not a Hammer

By Peter Guy | 19/09/2016

Deutsche Bank’s $14bn fine leaves the public wondering why bank penalties continue to grow with no end in sight.

Fraud, Scams & Cybercrime

Police Raid Shanghai P2P Lender

By Samuel Riding | 16/09/2016

Company has promised to pay out returns from 1 October after 6-month hiatus.

Anti-Money Laundering

Singapore Banks Required to Report Indonesia Amnesty Clients

By Samuel Riding | 16/09/2016

MAS says reporting does not necessarily mean a client will be investigated by the police.

Fraud, Scams & Cybercrime

Exclusive: $58mn Missing After HK Cash Advance, P2P Firms Fail

By Samuel Riding | 15/09/2016

Hong Kong police are investigating claims directors misappropriated up to HK$450mn from the two firms.

Resolution & Recovery

Sri Lanka Central Bank Establishes Resolution Division

By Samuel Riding | 15/09/2016

Central bank to overhaul regulatory framework to strengthen licensed financial companies.

KYC & CDD

China Said to Limit Securities Accounts

By Samuel Riding | 15/09/2016

CSRC to clamp down on trading under fake identities; limit investors to 3 accounts.

Fraud, Scams & Cybercrime

China Targets Illegal Trade in Bank Card Data

By Samuel Riding | 14/09/2016

Campaign will target criminals involved in the trade and prevent information leakage.