Financial Crime

Market Abuse

Australia Regulators Probe Forex Moves Ahead of RBA Announcement

By Editors | 04/03/2015

The Reserve Bank of Australia has asked the Australian Securities and Investments Commission to investigate sharp movements in the Australian dollar in the minute before the March interest rates policy decision was announced on Tuesday afternoon.

Emerging Prudential Risks

Standard Chartered and RBS: Now Led by Regulators

By Peter Guy | 02/03/2015

The recent appointments of new leaders for Standard Chartered and Royal Bank of Scotland are as risky as they are riskless.

Fraud, Scams & Cybercrime

HK Regulator Wins Court Approval to Wind Up China Metal Recycling

By Editors | 26/02/2015

The Securities and Futures Commission won court approval to liquidate China Metal Recycling Holdings Ltd, in a decision that bolsters the regulator’s authority to pursue overseas firms for wrongdoing.

Market Abuse

US Authorities Probe Big Banks’ Pricing of Metals

By Editors | 25/02/2015

US officials are investigating at least 10 major banks for possible rigging of precious-metals markets, the Wall Street Journal reported citing people close to the inquiries.

Emerging Prudential Risks

Global Regulation and Performance Demands Are Driving Pension Policy Reform

By Peter Guy | 13/02/2015

Pension funds are bigger than many banks but only now are regulations catching up.

Anti-Money Laundering

Australian Banks Defend Corporate Tax Practices in Senate Inquiry

By Editors | 10/02/2015

Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.

Anti-Money Laundering

India’s RBI Tightens Compliance Amid Iran Export Scam Probe

By Editors | 10/02/2015

The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.

Structural Regulation

Singapore, Myanmar to Boost Bilateral Cooperation

By Editors | 04/02/2015

The Central Bank of Myanmar (CBM) and the Monetary Authority of Singapore (MAS) have agreed to strengthen bilateral cooperation on areas including banking supervision.

Anti-Money Laundering

India Exempts Smaller Rural Banks from FATCA

By Editors | 03/02/2015

The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.