Financial Crime

Emerging Prudential Risks

Pakistan Regulators Collaborate on Supervision

By Editors | 20/09/2015

Pakistan is considering creating a Council of Financial Regulators that will provide a forum for open dialogue and discussion between regulators on financial markets.

Emerging Prudential Risks

Cross-Border Flows Present Banking Risk, Says IMF

By Editors | 19/09/2015

The International Monetary Fund urges for continued regulatory reforms to enhance supervision and improve corporate governance to mitigate risks.

Anti-Bribery & Corruption

China Probes CSRC Official for ‘Discipline Violations’

By Editors | 19/09/2015

A China Securities Regulatory Commission official has been placed under investigation for his high-profile role in China’s stock market rescue effort.

Fraud, Scams & Cybercrime

Indonesia to Fight Cybercrime with New Bank IT Rules

By Editors | 16/09/2015

Indonesia’s Financial Services Authority will soon revise its banking IT systems rules in an attempt to counter rising digital crime on banks.

Anti-Money Laundering

China Cracks Down on ‘Suspicious’ Forex Transactions

By Editors | 10/09/2015

The State Administration of Foreign Exchange has asked banks to manage forex transactions to identify suspicious cross-border fund transfers in a bid to ease pressure on capital outflows.

Anti-Money Laundering

Indonesia to Adopt Global Standard for Tax Information Exchange

By Editors | 09/09/2015

Indonesia’s government is looking to adopt global standards for the automatic exchange of financial information in 2017, in a bid to address tax revenue issues.

Anti-Money Laundering

China Clamps Down on Yuan Forward Contracts

By Editors | 04/09/2015

PBOC announces new measures making it more costly to use forwards contracts to bet on yuan weakness.

Operational Risk

APRA Consults on Super Fund Governance Arrangements

By Editors | 02/09/2015

Consultation package proposes changes to governance and prudential framework in light of proposed legislative amendments requiring more board independence at super funds.

Market Abuse

Chinese Police Detain Suspects for Stock Market Violations

By Editors | 01/09/2015

A securities watchdog official, four senior executives of a major brokerage, and a reporter have all reportedly confessed to stock market violations and been detained.