Financial Crime

Anti-Money Laundering

Singapore Releases Report on Money Laundering and Terrorist Financing

By Editors | 13/01/2014

A Singapore government-wide National Risk Assessment (NRA) exercise over two years has found in many sectors a robust regime to combat money laundering and terrorist financing.

Supervision & Enforcement

Japan and Mongolia to Strengthen Cooperation

By Editors | 10/01/2014

Japan and Mongolia exchange letters with aim of sharing expertise and experience.

Structural Regulation

China Eyes New Privately Financed Banks

By Editors | 07/01/2014

Up to five private banks will be created in China this year as it aims to open up the financial sector and raise competition in the industry. The banks will be allowed to operate on a trial basis under the supervision of Chinese banking authorities.

KYC & CDD

SWIFT Creates KYC Registry and Financial Crime Compliance Unit

By Editors | 07/01/2014

SWIFT announces the creation of a Know Your Customer (KYC) Registry for the collection and distribution of standard information required by banks as part of their due diligence process.

Emerging Prudential Risks

Indonesia Transfers Banking Regulatory Duties to OJK

By Editors | 03/01/2014

Bank Indonesia (BI) transfers banking regulatory and supervisory functions to Financial Service Authority (OJK).

Credit Risk

RBI Hones Rules to Hasten Remedy of India’s Bad Loans

By Editors | 19/12/2013

The Reserve Bank of India’s (RBI) recent discussion paper on the management of non-performing loans signals an intensification of regulatory […]

Structural Regulation

SFC Issues Second Quarter Report

By Editors | 13/12/2013

The Hong Kong Securities and Futures Commission (SFC) has issued its quarterly report for the period July to September 2013.

Capital Adequacy

Philippines Strengthens Capital Structure of Foreign Banks

By Editors | 13/12/2013

The Philippines Central Bank’s (Bangko Sentral) Monetary Board (MB) has approved amendments to the capital framework of foreign bank branches […]

PEPs & Sanctions

Iran: The End of Sanction Programs as we know it?

By Editors | 11/12/2013

Recently, deals were struck between Iran and the West to curb Iran’s nuclear program. What does this mean for a financial institution’s AML economic sanctions program?