Financial Crime

Anti-Money Laundering

Australia Exempts Some Trusts from AML/CTF Law

By Samuel Riding | 08/09/2016

Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.

Market Abuse

China Bond Underwriting Probe Continues

By Samuel Riding | 08/09/2016

Campaign started in 2013 led to tighter regulation of inter-bank market.

Anti-Money Laundering

Philippines Considering Repeal of Bank Secrecy Laws

By Samuel Riding | 07/09/2016

Philippines and Lebanon the only countries which still have such laws in place.

Fraud, Scams & Cybercrime

Indonesia Fraudsters Forge Central Bank Promissory Notes

By Samuel Riding | 07/09/2016

Forged documents used by fraudsters who promise to help borrowers repay loans early.

Conduct, Culture & Accountability

ANZ to Refund $22mn in Fees, Interest

By Samuel Riding | 06/09/2016

Bank charged fees on payments between accounts held by the same customer.

Anti-Money Laundering

RBI Asked to Establish Information-sharing Mechanism

By Samuel Riding | 06/09/2016

Special Investigation Team on ‘black money’ asks central bank to share information with law enforcement.

KYC & CDD

SEBI Eyes KYC System Reform

By Samuel Riding | 05/09/2016

Market intermediaries are having difficulties with centralised system.

Anti-Money Laundering

SEBI Uncovers Money Laundering in NSEL Scam

By Samuel Riding | 02/09/2016

Report cites instances of unauthorised modification of unique client codes.

Anti-Money Laundering

RBI Said to Consider ‘Nodal Agency’ to Track P2P Lending

By Samuel Riding | 01/09/2016

P2P regulations expected to be issued in the coming days as Raghuram Rajan prepares to leave office.