Financial Crime

KYC & CDD

5 Point Plan for CRS Compliance

By Editors | 28/07/2016

CRS compliance process proving to be more complicated than just an extension of FATCA compliance.

Credit Risk

CBRC to Screen Regional Banks’ Risk Control

By Samuel Riding | 27/07/2016

Move to reduce fraud as June’s 1.81% bad-loan ratio marks highest level since 2009.

Anti-Money Laundering

HK Court Clarifies Money Laundering Rule

By Samuel Riding | 27/07/2016

Judgment suggests even ‘clean’ money can lead to prosecution if there are circumstantial indications of an offence.

Fraud, Scams & Cybercrime

Bangladesh Expects to Recoup All USD81mn from NY Fed Heist

By Samuel Riding | 27/07/2016

Central bank chief says RCBC likely to be held liable for theft, repay money.

Anti-Money Laundering

RBI Penalises Banks for Allowing Forex Scam

By Samuel Riding | 26/07/2016

Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.

Anti-Money Laundering

MAS to Intensify AML Inspections, Toughen Action

By Samuel Riding | 26/07/2016

Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.

Anti-Money Laundering

Prosecutors Emboldened; Banks Under Pressure

By Peter Guy | 25/07/2016

Legal actions against 1MDB and HSBC open up a new era of aggressive action by prosecutors.

Market Abuse

Singapore Charges Ex-remisier with ‘Spoofing’

By Samuel Riding | 25/07/2016

Prosecution the result of first joint investigation by MAS and police.

KYC & CDD

India Mandates Centralised KYC from 1 August

By Samuel Riding | 22/07/2016

Central registry has already conducted ‘live run’ of the improved system for new individual accounts.