Financial Crime

Operational Risk

MAS Consultation Paper on Changes to Banking Act

By Editors | 29/11/2013

The Monetary Authority of Singapore (MAS) is proposing several changes to the Banking Act (BA) to strengthen its supervisory oversight […]

Market Abuse

ASIC Launches Next Generation Market Surveillance System

By Editors | 25/11/2013

ASIC’s new market surveillance system is now in operation. The platform, knows as MAI (Market Analysis Intelligence) helps ASIC better […]

Supervision & Enforcement

RBI Signs MoU with Australia and New Zealand

By Editors | 08/11/2013

The Reserve Bank of India, on November 1, 2013, signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange […]

Anti-Money Laundering

FATF Identify AML/CFT Risk Countries

By Editors | 25/10/2013

The Financial Action Task Force (FATF) has issued a statement highlighting jurisdictions that have strategic deficiencies that pose a risk […]

Anti-Money Laundering

Singapore Conducts Assessment of Money Laundering and Terrorist Financing

By Editors | 22/10/2013

Singapore has launched a comprehensive assessment of money laundering and terrorist financing risk in the country. A joint steering committee […]

Fraud, Scams & Cybercrime

SEC Halts Worldwide Pyramid Scheme

By Editors | 21/10/2013

The Securities and Exchange Commission today announced charges and asset freezes against the operators and promoters of a worldwide pyramid […]

Trade Based Money Laundering

Sanctions Risk Within Supply Chain Financing

By Editors | 16/10/2013

Henry Balani from Accuity looks at the Anti-Money Laundering risks related to Trade Finance

Supervision & Enforcement

HK SFC signs MoU with Mongolia Financial Regulatory Commision

By Editors | 11/10/2013

The Securities and Futures Commission (SFC) and the Financial Regulatory Commission of Mongolia (FRC) today entered into a Memorandum of […]

Anti-Money Laundering

FATCA Registry will Aid Foreign Financial Institutions’ Compliance Efforts

By Editors | 02/10/2013

The recent creation of a new online registration system for financial institutions to register with the U.S. Internal Revenue Service (IRS) will benefit compliance and legal staff.