Financial Crime

Fraud, Scams & Cybercrime

Cyber Crime a Growing Focus for Regulators, Says ASIC’s Medcraft

By Editors | 26/11/2014

Australian Securities and Investments Commission chair Greg Medcraft said the threat of cyber crime was a growing focus for regulators around the world, and it had become a “fact of life” in the financial markets that it regulates.

KYC & CDD

S. Korea Gets Tough on Fake Identities in Asset Deals

By Editors | 26/11/2014

South Korea has plugged loopholes in regulations on an illegal practice of engaging in monetary transactions under a false identity.

PEPs & Sanctions

Sanctions Compliance Deepens in Asia Pacific, Says SWIFT

By Editors | 25/11/2014

Evolving global sanctions laws aimed at combating financial crime is helping drive adoption of sanctions screening solutions in markets including Asia Pacific.

Market Abuse

Biggest Fines in Financial History are Ill-Conceived

By Peter Guy | 24/11/2014

Unprecedented penalties for forex rate rigging are misdirected and will weaken banks’ risk management culture.

Market Abuse

India’s SEBI Approves New Insider Trading Rules

By Editors | 20/11/2014

India’s market regulator has approved tougher insider trading rules to promote transparency in the country’s stock market.

Market Abuse

Australia’s ANZ Suspends Traders Over Rate Rigging

By Editors | 19/11/2014

ANZ, one of Australia’s major banks, has suspended seven traders pending completion of an investigation into potential rigging of key interbank interest rates.

Market Risk

The Risks of Regulating Risk Taking

By Peter Guy | 11/11/2014

Interview with a leading risk consultant explains the state of regulation for global and Asian banks.

Credit Risk

Taiwanese Banks’ Loan Exposure to Chinese Clients Examined in Hong Kong

By Editors | 10/11/2014

Hong Kong’s financial regulator is looking into the loan exposure of Taiwanese banks to mainland Chinese companies and has launched an onsite probe into the matter.

Market Abuse

Singapore Returns $8 Billion to Banks Involved in Rate Rigging

By Editors | 06/11/2014

The Monetary Authority of Singapore has returned S$10 billion ($8 billion) in fines it levied on 19 banks connected to the rigging of financial benchmarks and foreign exchange.