Financial Crime

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.

Fraud, Scams & Cybercrime

Bangladesh Bank Claims Hackers Attempted to Take $951mn

By Editors | 15/03/2016

Finance Minister learned of it only a month later when news initially appeared in the media.

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.