Financial Crime

    Market Abuse

    ASIC Reports on Market Integrity Achievements

    By Editors | 07/10/2015

    Report highlights continued investment in technology as a main factor helping it to identify complex crimes and patterns of behaviour.

    KYC & CDD

    CPMI Consults on Correspondent Banking Recommendations

    By Editors | 07/10/2015

    Consultative report on correspondent banking to include reviewing KYC utilities, use of LEI and information sharing.

    Credit Risk

    RBI Orders Corrective Action on State-Run Bank

    By Editors | 07/10/2015

    Indian Overseas Bank is required to improve internal controls and deal with mounting non-performing assets.

    Anti-Money Laundering

    Myanmar Central Bank Releases AML/CTF Guidelines

    By Editors | 05/10/2015

    The Central Bank of Myanmar has published risk management guidelines for anti-money laundering and counter terrorist financing at financial institutions.

    Anti-Money Laundering

    China to Cap Overseas Cash Withdrawals to Curb Outflows

    By Editors | 01/10/2015

    China’s foreign exchange regulator will impose new caps on cash withdrawals from outside the country using UnionPay cards to help combat money laundering and curb capital outflows,

    KYC & CDD

    Compliance a Key Barrier to Trade Finance, says ICC Report

    By Editors | 01/10/2015

    Results from global survey highlights impact of regulation on trade finance.

    Structural Regulation

    Nepal Central Bank to Be Sole Banking Regulator

    By Editors | 25/09/2015

    Nepal Rastra Bank – the country’s central bank – will be the sole regulator for banks and financial institutions under the new constitution unveiled on Sunday.

    Anti-Money Laundering

    Aussie Banks Force Bitcoin Operators Out of Business

    By Editors | 25/09/2015

    Australia’s major banks are closing accounts of bitcoin companies, citing compliance risks resulting from tougher anti-money laundering and counter-terrorism financing rules.

    Market Abuse

    China Fines Top Fund Manager $3 Million for Stock Manipulation

    By Editors | 25/09/2015

    The China Securities and Regulatory Commission has slapped a $3 million fine on a star Chinese fund manager for stock-market manipulation.

    Anti-Money Laundering

    Bank of Queensland Investigated by ASIC over Compliance Failures

    By Editors | 23/09/2015

    The Australian Securities and Investment Commission has concerns over its risk management and compliance systems.

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