Financial Crime

Market Abuse

Singapore’s 1st ‘Front Running’ Prosecution

By Samuel Riding | 26/08/2016

Three defendants each charged with more than 100 offences.

Payments & Settlements

MAS Issues Payments Consultation

By Samuel Riding | 26/08/2016

Regulator proposes activity-based regime under single regulatory framework.

Market Abuse

Chinese Affiliate of Dutch HFT Firm in CSRC Probe

By Samuel Riding | 26/08/2016

IMC says it is cooperating with regulator on inquiry into Shanghai-based operation.

Fraud, Scams & Cybercrime

Five India Brokers Sued for Mis-selling

By Samuel Riding | 26/08/2016

Civil cases follow Enforcement Directorate, SEBI investigations into alleged $836mn scam.

KYC & CDD

Fintech Start-ups Including KYC Platform Enter Accenture’s APAC Innovation Lab

By Samuel Riding | 25/08/2016

Accenture announced that eight leading financial technology (fintech) companies including a KYC platform began a 12-week mentorship program in the […]

Conduct, Culture & Accountability

SFC Reprimands Morgan Stanley, Issues USD2.4mn Fine

By Samuel Riding | 25/08/2016

US bank’s Hong Kong securities operation says to review internal controls to ensure compliance.

Anti-Money Laundering

New Zealand-China AML Operation Nets $31mn

By Samuel Riding | 24/08/2016

Forfeiture the largest ever in New Zealand and first related to crimes alleged to have occurred in China.

Anti-Money Laundering

Bangladesh Probes Trusts’ Tax Compliance, Sources of Funds

By Samuel Riding | 24/08/2016

Concerns raised by APG on money laundering, but decline in disclosures could be due to shrinking NGO funding.

Market Abuse

SEBI Eases Trading Restriction on Hundreds of Firms

By Samuel Riding | 24/08/2016

Several companies which had been barred from the securities market can now conduct transactions.