Financial Crime

Market Abuse

China Sets up Regional Financial Crime Bureaus

By Samuel Riding | 01/12/2016

Move is a response to stock market ‘irregularities’; teams cover five provincies/cities.

Anti-Money Laundering

S.Korea to Create National AML/CTF Alert System

By Samuel Riding | 30/11/2016

Finance minister says to extend reporting requirements to non-financial institutions.

AI Risk & Governance

Regtech in Asia – Regulators Playing Catch-up

By Samuel Riding | 29/11/2016

Regulators appear to be lagging behind market infrastructure and institutions in using technology.

Emerging Prudential Risks

Malaysia Appoints Financial Stability Committee Members

By Samuel Riding | 29/11/2016

Committee can decide measures to ‘reduce or avoid risks’, central bank says.

Data Privacy

APAC Institutions Question CRS Implementation

By Samuel Riding | 28/11/2016

Survey suggests doubts remain over implementation; technology, operational procedures the main challenge.

Trading & Investment

SZ-HK Stock Connect to Start 5 December

By Samuel Riding | 28/11/2016

Accompanying rules aim to curb cross-border illegal activity, market misconduct.

Market Abuse

Updated – ANZ, Macquarie to Pay $11mn for ‘Cartel Conduct’

By Samuel Riding | 27/11/2016

Two banks admit cartel conduct in trading MYR forex contracts out of Singapore in 2011.,

Anti-Money Laundering

BIS Consults on AML/CTF in Correspondent Banking

By Samuel Riding | 25/11/2016

Draft includes developing a risk-based approach; BIS aims to stop transactions going underground.

Anti-Money Laundering

Australia-Jordan to Exchange CTF Information

By Samuel Riding | 25/11/2016

Closer to home, AUSTRAC releases study on AML/CTF risks in superannuation funds.