Financial Crime

KYC & CDD

Correspondent Banking KYCC ‘Impossible’ in HK, Singapore – Thomson Reuters

By Samuel Riding | 27/01/2016

Both jurisdictions said unlikely to implement FATF recommendations before the end of this decade.

Anti-Money Laundering

Trade Finance De-risking Could Face Legal Challenge – Thomson Reuters

By Samuel Riding | 27/01/2016

Anti-discrimination cases could be brought against banks using AML as ‘excuse’ to stop dealing with certain sectors, report says.

Fraud, Scams & Cybercrime

A Duty of Care: SFC, HKEx and China Metals Recycling

By Peter Guy | 26/01/2016

Hong Kong regulators and listing sponsors must share responsibility for IPO fraud.

Market Abuse

CSRC Turns up Heat on Private Investment Firms

By Samuel Riding | 26/01/2016

Securities regulator targeting illegal activity in China’s USD760 billion PE, VC and hedge fund industry.

Anti-Money Laundering

Bank of China Hit by US Enforcement Action

By Samuel Riding | 22/01/2016

US currency comptroller’s action relates to deficiencies in currency transaction controls.

Supervision & Enforcement

SEBI Freezes Bank, Demat Accounts

By Samuel Riding | 21/01/2016

Indian securities regulator issues attachment order on Aspen Projects after illegal fund raising.

Liquidity Risk

China Confirms Offshore RRR Move

By Samuel Riding | 19/01/2016

Central bank to lift RRR from 25 February as part of efforts to manage RMB liquidity.

Anti-Bribery & Corruption

China, Switzerland to Cooperate on ‘Stolen Assets’

By Samuel Riding | 18/01/2016

Foreign ministers also agree judicial assistance deal, cooperation on anti-corruption and finance work prior to G20 summit.

Capital Adequacy

The Regulatory Outlook for Australia

By Wolters Kluwer Financial Services | 15/01/2016

How integrated data, closer connectivity between risk and finance and new technology address the challenges Australian institutions face.