Financial Crime

Anti-Money Laundering

SAFE Orders Tighter Checks on Outbound Investment

By Samuel Riding | 29/06/2016

Forex regulator denies media reports of changes to individual quotas, rules.

Anti-Money Laundering

FATF Keeps N.Korea on Blacklist, Suspends Iran Measures

By Samuel Riding | 28/06/2016

Task force also notes Myanmar, Papua New Guinea commitments on AML and CTF.

Anti-Money Laundering

UBS Complies with ‘Nova Scotia’ Summons

By Samuel Riding | 24/06/2016

Office in Miami provides details of Singapore account held by US citizen living in China.

Anti-Money Laundering

Hong Kong Code of Conduct Breaches Surge

By Samuel Riding | 23/06/2016

SFC Annual Report also reveals sharp rise in AML breaches.

KYC & CDD

Asia’s Digital On-boarding Challenge

By Editors | 22/06/2016

Appway survey reveals how regulations, technology, and compliance are driving competition among wealth managers in Asia.

Supervision & Enforcement

CSRC Readies 1st Forcible De-listing

By Samuel Riding | 22/06/2016

Securities regulator toughening enforcement stance; has rejected 17 IPO applications this year.

Market Abuse

HSBC Files USD35mn Rate Rigging Settlement

By Samuel Riding | 21/06/2016

Proposed payment relates to anti-trust case alleging manipulation of two yen benchmarks.

Credit Risk

HKMA Warns on Aggressive Mortgage Lending

By Samuel Riding | 21/06/2016

Developers’ offering up to 95% mortgages increases banks’ credit risk, deputy head says.

Conduct, Culture & Accountability

A Compliance Nightmare – When Bank Acquisitions Go Bad

By Peter Guy | 20/06/2016

HSBC’s Household International shows how banks can lose more than 100% on their acquisitions.