Financial Crime

Operational Risk

HKMA Urges AIs to Enhance Risk Management Controls

By Samuel Riding | 01/09/2016

Reported incidents include underpayment of stamp duty on OTC transactions.

Fraud, Scams & Cybercrime

China P2P Lending Rules Prompt US Lawsuits

By Samuel Riding | 01/09/2016

Class actions allege P2P lender Yirendai failed to disclose borrower fraud, mis-stated impact of new regulations.

Supervision & Enforcement

SFC Reprimands, Fines BNP Paribas

By Samuel Riding | 01/09/2016

Regulator says bank overcharged on equities, bonds, structured products, options, swaps and funds.

Anti-Money Laundering

Banks’ Exit from Emerging Markets Hurting AML, CTF Efforts – FSB

By Samuel Riding | 31/08/2016

Report to G20 says funds are being driven underground; cites failures to initiate derivative market reform in China and Korea.

Emerging Prudential Risks

Japan Advances ‘Dynamic Supervision’ Approach

By Samuel Riding | 31/08/2016

FSA said to split supervision of regional banks; aims to boost lending, raise profitability.

Cybersecurity

APAC Region has World’s Worst Cyber Security, Study Finds

By Samuel Riding | 31/08/2016

Region’s surfeit of financial data one of the main causes of increase in security threats.

Anti-Bribery & Corruption

Dow Jones Risk & Compliance Enhances China SOC Database

By Samuel Riding | 31/08/2016

HONG KONG (August 31, 2016) – Dow Jones Risk and Compliance announced that its third party risk data now includes […]

Anti-Money Laundering

HKMA to host AML Seminars

By Samuel Riding | 30/08/2016

Managing staff responsible for AML, CTF systems implementation encouraged to attend.

Market Abuse

HK Tribunal Finds Short Seller Guilty of Market Misconduct

By Samuel Riding | 29/08/2016

Ruling on research report could add to fears of chilling effect after case against Moody’s.