Financial Crime

Structural Regulation

Korea to Ease Foreign Bank Regulations

By Samuel Riding | 25/11/2015

Financial statements of foreign lenders operating in Korea will no longer be scrutinised by FSS.

Cryptocurrency

Swift Seeks Regulatory Unity on Cryptocurrencies

By Samuel Riding | 24/11/2015

Payment service network’s research platform suggests regulatory uncertainty is hindering AML and CTF efforts.

Anti-Money Laundering

India Probes HSBC Accounts Over Money Laundering Concerns

By Samuel Riding | 24/11/2015

Indian central bank conducted investigation into books of accounts between March and April 2015.

KYC & CDD

Time Running out for ‘GATCA’ Compliance: Wolters Kluwer

By Samuel Riding | 24/11/2015

Institutions that move quickly on ‘Global Account Tax Compliance Act’ can gain competitive advantage.

Fraud, Scams & Cybercrime

Chief SGX Regulator Warns on China-linked Losses

By Samuel Riding | 19/11/2015

Exchange issues warning to directors and audit committees amid surge in impairments and write-offs.

Cryptocurrency

Japan to Revamp Oversight of Virtual Currencies

By Samuel Riding | 18/11/2015

FSA invites operators of virtual currency exchanges to share knowledge and come up with ideas for regulation.

Market Abuse

CSRC to Begin Mutual Fund Investigation

By Samuel Riding | 17/11/2015

China’s securities regulator probe could include brokerages and will involve extensive audits of mutual funds.

Anti-Bribery & Corruption

CSRC Vice Chairman Caught up in Graft Probe

By Samuel Riding | 16/11/2015

Yao Gang one of the CSRC officials responsible for stabilising China’s markets.

KYC & CDD

SEBI to Ease KYC for Mutual Fund Investments

By Samuel Riding | 12/11/2015

Investments of less than USD3,000 will not require in-person verification.