Financial Crime

    Market Abuse

    Banks Uncooperative in Australia Rate-Setting Probe

    By Editors | 11/07/2015

    The Australian Securities and Investments Commission says banks have been slow in providing information on possible manipulation of Australia’s interest-rate benchmark.

    Anti-Money Laundering

    Singapore Offers Cooperation in Malaysia PM Probe

    By Editors | 10/07/2015

    The Monetary Authority of Singapore has said it is cooperating with Malaysian authorities in a probe into allegations of almost $700 million being transferred into the personal accounts of Prime Minister Najib Razak.

    Anti-Money Laundering

    Bangladesh Faces Difficulties Maintaining Banking Relationships

    By Editors | 06/07/2015

    Banks in developed countries have terminated relationships with banks in Bangladesh, presenting difficulties for international trade and finance.

    Anti-Money Laundering

    Japan, China, U.S. Jointly Push FATF on Virtual Currency Regulation

    By Editors | 18/06/2015

    Financial authorities of Japan, the United States and China plan to establish joint regulations to prevent the use of virtual currencies to finance illegal activities such as terrorism.

    Emerging Prudential Risks

    Vietnam Banking Regulator Clamps down on Excess Holdings at Banks

    By Editors | 11/06/2015

    The State Bank of Vietnam has issued a regulation requiring stakeholders to reduce their excess holdings in local banks to the permitted limits.

    Anti-Bribery & Corruption

    Anti-Corruption Practices Must Encompass Entire Banking Process

    By Peter Guy | 09/06/2015

    Expanding due diligence capabilities will require strong data and information resources.

    Supervision & Enforcement

    SFC Proposes Legislative Change to Increase Cross-Border Regulatory Assistance

    By Editors | 05/06/2015

    The SFC is proposing legislative amendments which would give it discretion to provide supervisory assistance to regulators outside Hong Kong.

    Conduct, Culture & Accountability

    ASIC Proposes Register of “Bad Apple” Stockbrokers

    By Editors | 02/06/2015

    In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.

    Anti-Bribery & Corruption

    Hong Kong Reviews Impact of FIFA Probe on Banks

    By Editors | 28/05/2015

    Hong Kong is “monitoring the implications” for banks following bribery and corruption charges against officials of the football governing body FIFA.

    Conduct, Culture & Accountability

    Investment Banks Need Corporate Culture Shift, says ASIC

    By Editors | 28/05/2015

    ASIC has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture.

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