Financial Crime

Conduct, Culture & Accountability

HSBC Appeals Mis-selling Fine

By Samuel Riding | 05/05/2016

Private banking unit was hit with HKD605mn SFC fine in July 2015.

Anti-Money Laundering

Australia Launches Tax Disclosure Consultation

By Samuel Riding | 04/05/2016

Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.

Credit Risk

CBRC Clamps Down on Balance Sheet Manipulation

By Samuel Riding | 03/05/2016

CBRC bars lenders from placing wealth management funds in investment products.

Anti-Bribery & Corruption

Chinese Regulators, Exchanges Release Details of Graft Probe

By Samuel Riding | 28/04/2016

CBRC says staff ‘used their supervisory power to further their personal interests’.

KYC & CDD

India Confirms NGO Contribution Requirements

By Samuel Riding | 27/04/2016

Banks must report foreign contributions to NGO accounts within 48 hours of receipt.

Credit Risk

Shanghai CBRC Hits ICBC, BoC, HSBC with Mortgage Lending Ban

By Samuel Riding | 26/04/2016

Seven lenders face two-month ban due to ‘violations of lending rules’.

Market Abuse

SGX Reveals Trading Irregularities after MAS Raids

By Samuel Riding | 25/04/2016

MAS and police raid at least four broking houses, take two remisiers for questioning.

Supervision & Enforcement

ASIC to Use Windfall to Boost Surveillance, Enforcement

By Samuel Riding | 21/04/2016

Australian securities regulator also welcomes shift to industry funding model.

Trade Based Money Laundering

CBRC Warns Banks on Bills of Exchange

By Samuel Riding | 21/04/2016

Regulator’s Shanghai office tells city’s lenders to inspect interbank notes business.