Financial Crime

Market Abuse

Nomura Hong Kong Fined for Disclosure Failings

By Editors | 31/07/2015

SFC fines Nomura Hong Kong HK$4.5 million for failing to promptly report trading misconduct by one of its traders.

Anti-Money Laundering

Evolving AML and KYC Standards – Now an Integral Part of Financial Institutions

By Editors | 31/07/2015

Increasingly complex and co-dependent regulations and tax policies are changing the process of onboarding and monitoring clients and counterparties.

Anti-Money Laundering

How the Fifa Case is Affecting AML and KYC Procedures

By Peter Guy | 28/07/2015

It is unusual that Fifa was able conduct business for so long despite sensational allegations by the media. Compliance teams need to rethink their standards.

Structural Regulation

Australian Government to Audit ASIC

By Editors | 27/07/2015

Australia’s government will conduct the first full-scale audit of the Australian Securities and Investments Commission (ASIC) in 17 years, laying the groundwork for a major overhaul in how the corporate watchdog is funded and operated.

Emerging Prudential Risks

New Zealand Central Bank Consults on Efficiency of Regulatory Regime

By Editors | 24/07/2015

The Reserve Bank of New Zealand is proposing changes to its regulatory requirements in a bid to improve the efficiency of bank supervision and reduce banks’ costs.

Conduct, Culture & Accountability

Banking on Good Behaviour

By Peter Guy | 24/07/2015

Conduct risk is proving to be the most frustrating crusade for regulators to lead as no one really understands what it means.

Anti-Money Laundering

U.S. Orders Major China Bank to Enhance Anti-Money Laundering Controls

By Editors | 23/07/2015

The Federal Reserve Board has announced an enforcement action against one of the biggest banks in China, ordering it to restructure its anti-money laundering compliance program.

KYC & CDD

Vietnamese Bank Joins SWIFT’s KYC Registry

By Editors | 21/07/2015

SWIFT has announced that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer Registry.

Structural Regulation

China Announces Guidelines for Internet Finance

By Editors | 21/07/2015

China has issued stricter guidelines to regulate Internet finance, calling for enhanced supervision of the sector while also pledging to support its development.