Financial Crime

Supervision & Enforcement

Bangladesh to Prosecute Staff Involved in USD81mn Heist

By Samuel Riding | 16/06/2016

11 central bank staff ask for different posts as finance ministry prepares criminal cases.

Cybersecurity

SWIFT to Beef up Spending on Security

By Samuel Riding | 15/06/2016

Board earmarks investment and staff to boost security after Bangladesh heist.

Anti-Bribery & Corruption

Ex-Postal Savings Bank Head Dies in Custody

By Samuel Riding | 15/06/2016

Tao Liming confessed in 2014 to taking bribes and embezzling public funds.

Anti-Money Laundering

MAS Sets Up Dedicated AML Unit

By Samuel Riding | 14/06/2016

Singapore regulator will also create new enforcement unit, drawing in staff from different divisions.

Fraud, Scams & Cybercrime

Malaysia Clamps Down on Illegal Investment Schemes

By Samuel Riding | 13/06/2016

Regulator says 56 businesses have offered illegal investments in commodities, forex and gold.

Market Abuse

CSRC to Further Strengthen Direct Supervision

By Samuel Riding | 13/06/2016

Regulator to continue with strict oversight, strengthen action on restructuring, M&A manipulation.

Supervision & Enforcement

Vietnam, S.Korea to Cooperate on Financial Supervision

By Samuel Riding | 13/06/2016

Vietnam’s NFSC and Korea’s FSC will also share data on regulatory activities and financial institutions.

Fraud, Scams & Cybercrime

Philippines Regulator Seeks Prosecution Powers

By Samuel Riding | 10/06/2016

Securities and Exchange Commission also seeking ability to freeze accounts.

Conduct, Culture & Accountability

China’s ‘Embedded Analysts’ and the Cost of Transparency

By Samuel Riding | 08/06/2016

Companies use analysts, and potentially even auditors and fund managers, to communicate value, CUHK study finds.