Financial Crime

Anti-Money Laundering

Leveraging Technology for Compliance and Performance

By Editors | 19/08/2014

Accuity CEO Hugh Jones describes how advanced systems are revolutionising banks’ ability to meet regulations.

PEPs & Sanctions

PwC Fined $25 Million for Altering Probe Report on Japanese Bank

By Editors | 18/08/2014

New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.

Conduct, Culture & Accountability

Macquarie to Contact Thousands of Clients Over Poor Advice

By Editors | 15/08/2014

The Australian Securities and Investments Commission has ordered Macquarie Group to contact 160,000 clients who may have lost money due to flawed financial advice.

Fraud, Scams & Cybercrime

India Tightens Regulatory Noose on Fraudsters

By Editors | 12/08/2014

Parliament has cleared a key bill to allow the Securities and Exchange Board of India to act against ponzi schemes and market manipulators more effectively with powers for search and seizure, attachment of assets, arrest of defaulters and access to call data records.

Conduct, Culture & Accountability

ASIC Imposes New Conditions for CBA Licensees

By Editors | 10/08/2014

The financial planning arms of the Commonwealth Bank of Australia will be subject to new financial services license conditions, the Australian Securities and Investments Commission said.

Credit Risk

India’s SEBI Seeks Ban on Wilful Defaulters Raising Funds in Market

By Editors | 06/08/2014

The Securities and Exchange Board of India said it is talking with the Reserve Bank of India as it finalises regulations around wilful loan defaulters.

Supervision & Enforcement

S. Korean Regulator to Reprimand Financial Firms for Illegal Loans

By Editors | 06/08/2014

South Korea’s chief financial regulator said he will consider punishing financial companies for making illegal loans and leave the punishment of employees up to the companies, in view of disciplinary action being mulled by authorities on hundreds of senior bank officials.

Conduct, Culture & Accountability

HSBC Challenged by Rising Cost of Compliance

By Peter Guy | 06/08/2014

The future of banking will be entirely driven by regulation and managed by compliance officers.

Trading & Investment

Taiwan Regulator to Get Tough on Leaks at Brokerages

By Editors | 05/08/2014

The Financial Supervisory Commission is taking a tougher stand on the release of client notes by securities houses involving listed companies and their stock prices in a bid to curb market speculation.