Financial Crime

Supervision & Enforcement

Korea to Ease Reporting Requirements for Foreign Banks

By Samuel Riding | 23/03/2016

FSS chief says supervision will shift to ‘ex-post monitoring’ from ‘ex-ante regulations’.

Supervision & Enforcement

Indonesian Regulators to Train in Australia

By Samuel Riding | 23/03/2016

OJK secondments to research centre expected to boost supervision and regulation capacity.

Anti-Money Laundering

Australia Set to Bring Bitcoin Under AML/CTF Law

By Samuel Riding | 22/03/2016

Government’s recommends virtual currency be recognised as money under tax legislation.

Credit Risk

APRA to Investigate Mortgage Rule Breaches

By Samuel Riding | 21/03/2016

Australian banking regulator will look into whether borrowers are circumventing tightened lending policies.

KYC & CDD

India to Simplify Securities KYC

By Samuel Riding | 21/03/2016

SEBI proposes to scrap requirement for fresh KYC if investors already have a bank account.

Structural Regulation

Myanmar to Issue New Banking Rules

By Samuel Riding | 17/03/2016

Regulations to cover bank corporate governance, foreign stakes and AML.

Anti-Money Laundering

Philippines Banking Association Eyes Financial Crime Unit

By Samuel Riding | 17/03/2016

Incoming BAP president to consider predecessor’s recommendation for AML, CTF committee.

Fraud, Scams & Cybercrime

CBRC to Target Illegal Fundraising by Online Brokers

By Samuel Riding | 16/03/2016

Banking regulator to strengthen regulation, ramp-up inspections and increase penalties.

Anti-Bribery & Corruption

India Rising – Tread Cautiously

By Editors | 16/03/2016

Investors should beware the potential reputational risk from India’s legacy of corruption.