Financial Crime

Fraud, Scams & Cybercrime

Re-promulgated Securities Laws to Boost SEBI Powers to Fight Ponzi Schemes

By Editors | 31/03/2014

India has re-promulgated the Securities Laws Ordinance that seeks to empower the Securities & Exchange Board of India to effectively check illegal deposit taking and Ponzi schemes.

Cloud & Infrastructure

Leapfrog as a Strategy to Meet Challenges Faced by Financial Institutions Technology in Asia

By Editors | 31/03/2014

How implementing a new generation of technology can address cost savings and meet volume demands whilst satisfying global regulatory regulatory requirements.

Fraud, Scams & Cybercrime

Indonesian Regulator Vows Stronger Safeguards, Probes into Dubious Investment Products

By Editors | 25/03/2014

The Financial Services Authority (OJK) is looking into the activities of at least 238 companies that are suspected of offering dubious investments from the beginning of 2014.

Supervision & Enforcement

EY Hires Former Goldman Regulatory Chief for Asia-Pacific Financial Services Office

By Editors | 25/03/2014

Global auditing and advisory firm EY has recruited a former Goldman Sachs regulatory and compliance chief as regulatory services leader for Asia-Pacific FSO.

Supervision & Enforcement

Australia’s Regulator Unveils Report on ‘Corporate Wrongdoing’

By Editors | 21/03/2014

Australian Securities and Investments Commission released a report outlining the penalties for a range of “corporate wrongdoing.”

Market Abuse

Australia to Launch Investigation into Foreign Exchange Benchmarks

By Editors | 21/03/2014

The Australian Securities and Investments Commission is preparing to launch an investigation into the potential manipulation of foreign exchange benchmarks by the country’s biggest banks.

Trading & Investment

S.Korea to Launch Gold Trading Platform to Curb Illegal Trade

By Editors | 20/03/2014

Korea Exchange Inc. will launch a gold trading platform in an attempt to better regulate a market dominated by illegal transactions.

KYC & CDD

Philippine Banks Not Complying with FATCA May Face Sanctions

By Editors | 19/03/2014

Philippine banks with US-citizen clients who are non-compliant with US tax rules may face sanctions.

Structural Regulation

Taiwan Regulator to Ease Restrictions on Offshore Banking Units

By Editors | 18/03/2014

The Financial Supervisory Commission (FSC) is easing restrictions on the offshore banking units (OBUs) of Taiwanese lenders to boost the local asset management industry.