Financial Crime

Payments & Settlements

S. Korea Tightens Monitoring of Chinese Online Payment Firm

By Editors | 06/05/2014

The Financial Supervisory Service has stepped up its monitoring of Chinese online payment service firm Alipay that will open a new type of offline service in the country.

Trade Based Money Laundering

China Banking Regulator Seeks Iron Ore Financing Probe

By Editors | 29/04/2014

China Banking Regulatory Commission has told local authorities and banks to investigate iron ore financing deals amid default risks arising from commodities trade funding.

Capital Adequacy

Basel Banking Committee Appoints Coen as Secretary General

By Editors | 23/04/2014

Basel Committee has appointed William Coen as its next secretary general, for an initial term of three years.

Fraud, Scams & Cybercrime

RBS Fined HK$6m Over Illegal Emerging Markets Trades

By Editors | 22/04/2014

The Royal Bank of Scotland (RBS) has been fined HK$6 million for internal control failures relating to the detection and prevention of unauthorized trading activities.

Fraud, Scams & Cybercrime

China Regulators Target Illegal Funds amid Booming E-Finance

By Editors | 22/04/2014

The China Banking Regulatory Commission is stepping up efforts to combat illegal fund-raising over the internet, and aims to roll out an investor education campaign to guide the public.

Payments & Settlements

Singapore, Brunei Regulators Sign Bilateral Cooperation Pact

By Editors | 22/04/2014

The Monetary Authority of Singapore and its counterpart in Brunei have agreed to expand bilateral cooperation into new areas of partnership including monetary management and banking supervision.

Emerging Prudential Risks

Australian Prudential Regulator Seeks More Flexibility in Regulatory Function

By Editors | 07/04/2014

The Australian Prudential Regulation Authority seeks increased independence from the government or parliament to effectively regulate the banking, superannuation and life insurance industries.

Credit Risk

Philippine Central Bank Eyes Conduits in Banks’ Loans to SMEs

By Editors | 07/04/2014

Philippine regulators plan to establish conduits that can help banks comply with mandatory lending rules to small businesses.

Anti-Money Laundering

Australian Banks Seek to Widen Money Laundering Net

By Editors | 03/04/2014

Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.