Financial Crime

KYC & CDD

PBOC Allows Remote Account Opening

By Samuel Riding | 30/12/2015

Central bank notification to encourage innovation by commercial banks, shift competition online.

Trading & Investment

Regulations 2015 – Don’t Look Back

By Peter Guy | 29/12/2015

Financial regulations were as unstable as global markets in 2015. Here are the highlights.

Anti-Money Laundering

KYC Reporting Burden the Top APAC Worry for 2016

By Samuel Riding | 21/12/2015

Wolters Kluwer survey finds ever-more-extensive reporting obligations are the top concern among FIs for the coming year.

Anti-Money Laundering

Habib Bank Scalded by New York Regulator

By Samuel Riding | 20/12/2015

Pakistani lender told to boost policies to prevent money laundering after “significant breakdowns”.

Trading & Investment

CITIC Cancels Bond Plans

By Samuel Riding | 16/12/2015

Brokerage asks regulator to withdraw application for USD3.5 billion corporate bond issuance.

Fraud, Scams & Cybercrime

China Cracks Down on OTC Markets

By Samuel Riding | 16/12/2015

CSRC says some companies illegally sold shares to investors, promised they would be traded on OTC platforms.

Market Abuse

JP Morgan Fined for Trading Breaches

By Samuel Riding | 15/12/2015

Hong Kong SFC reprimands investment bank for short-selling, principal trading and dark pool failings.

Anti-Money Laundering

FATF to Introduce Special CTF Measures

By Samuel Riding | 15/12/2015

Special follow-up measures to be introduced in February alongside meeting to discuss stronger standards.

Market Abuse

India Clamps Down on Trading Manipulation

By Samuel Riding | 15/12/2015

Commodity brokers and traders will have to test systems and software in consultation with exchanges.