Financial Crime

Fraud, Scams & Cybercrime

Indian Banks Urge Use of Big Data on Bad Loans

By Editors | 11/03/2016

Lenders ask Reserve Bank of India to use big data for fraud detection and information sharing.

Anti-Money Laundering

FSS Asks Credit Card Firms to Improve AML

By Editors | 11/03/2016

Lotte and Hana warned about poor customer management.

Market Abuse

HKEx: In Through the Back Door

By Peter Guy | 07/03/2016

Mainland Chinese buyers are treating the Hong Kong stock exchange like a breeding pen for listed shells.

Credit Risk

OJK Asks Banks to Commit to Rate Cuts

By Samuel Riding | 07/03/2016

Regulator says lenders should reduce rates to single digits by end-2016.

Fraud, Scams & Cybercrime

China’s Growing Fraud Problem

By Peter Guy | 04/03/2016

Kroll’s Violet Ho discusses the cultural and business context of financial fraud in China.

Market Abuse

ASIC Begins Legal Proceedings against ANZ in Rate-rigging Case

By Samuel Riding | 04/03/2016

Regulator alleges bank sought to benefit from movements in bill swap reference rate.

KYC & CDD

Ownership Disclosure Rule Creates Market Risk – PSE

By Samuel Riding | 01/03/2016

Head of Philippine Stock Exchange says compliance with rule is ‘close to impossible’.

Supervision & Enforcement

SEBI Clamps Down on Capital Market Violations

By Samuel Riding | 01/03/2016

Regulator orders attachment of accounts, mutual fund holdings in bid to recover USD7 million.

Market Abuse

SGX Focusing on Prevention, not Perfection

By Samuel Riding | 01/03/2016

Chief regulatory officer says role is to prevent, contain and disrupt market manipulation.