Financial Crime

Structural Regulation

China Targets Trading Platforms to Curb Unauthorised Margin Lending Channels

By Editors | 20/07/2015

The China Securities Regulatory Commission is tightening oversight of the widely-used HOMS trading platform, which is seen to have facilitated stock investors borrowing money outside approved margin lending channels and aiding recent wild fluctuations on the A-share market.

Anti-Money Laundering

Australia and Bangladesh Sign Information Exchange Deal

By Editors | 17/07/2015

Australia has signed a memorandum of understanding with Bangladesh establishing a framework for the exchange of financial intelligence related to money laundering and terrorism financing and other serious offences.

Anti-Money Laundering

Philippines and United States Sign FATCA Agreement

By Editors | 17/07/2015

The Philippines has signed a reciprocal intergovernmental agreement with the United States to implement provisions of the Foreign Account Tax Compliance Act (FATCA).

Market Abuse

China Cracks Down on Grey Market Margin Lending

By Editors | 16/07/2015

The China Securities Regulatory Commission has increased scrutiny of peer-to-peer lenders, which have been operating outside of approved margin lending channels.

Cybersecurity

China to Release New Regulations on Internet Finance

By Editors | 15/07/2015

The People’s Bank of China will soon release new regulations to regulate Internet finance and promote its healthy development.

KYC & CDD

India Banks to Use Credit Bureaus for KYC Checks

By Editors | 14/07/2015

Indian Banks have started to use credit bureaus to perform identity and background checks as part of their KYC procedures.

Anti-Money Laundering

Vietnam Targets International Risk Management Standards for Banks

By Editors | 12/07/2015

Vietnam’s banking sector is looking to meet standards for operational risk management and anti-money laundering in line with international practices.

Market Abuse

Banks Uncooperative in Australia Rate-Setting Probe

By Editors | 11/07/2015

The Australian Securities and Investments Commission says banks have been slow in providing information on possible manipulation of Australia’s interest-rate benchmark.

Anti-Money Laundering

Singapore Offers Cooperation in Malaysia PM Probe

By Editors | 10/07/2015

The Monetary Authority of Singapore has said it is cooperating with Malaysian authorities in a probe into allegations of almost $700 million being transferred into the personal accounts of Prime Minister Najib Razak.