Financial Crime

Market Abuse

Singapore Tightens Securities Rules

By Editors | 04/08/2014

Singapore is strengthening its securities rules by introducing a minimum trading price for main board shares to combat excessive speculation of low-priced securities and market manipulation.

KYC & CDD

DTCC to Launch Client Data, Documentation Hub

By Editors | 01/08/2014

The Depository Trust & Clearing Corporation, the world’s largest post-trade services provider, announced the establishment of the client data and documentation solution Clarient Entity Hub, which is designed to provide increased controls, standardization and transparency in managing client information.

Trading & Investment

Australian Regulator to Review Broker Dark Pools

By Editors | 30/07/2014

The Australian Securities and Investments Commission will conduct reviews of broker dark pools over the next 12 months, as regulators globally investigate alleged abuses in the operation of alternative trading venues.

Market Abuse

Singapore Seeks Tougher Rules for Financial Benchmarks

By Editors | 29/07/2014

The Monetary Authority of Singapore is proposing a legislation that will introduce a regulatory framework for financial benchmarks.

KYC & CDD

FATCA Implementation Stalled by Complexity

By Peter Guy | 28/07/2014

Asian institutions still struggling with compliance systems even as law takes effect.

Market Abuse

Australian Regulator Censures RBS over Interest Rate Manipulation

By Editors | 22/07/2014

Australia’s securities regulator has censured the Royal Bank of Scotland for its role in manipulating Australia’s bank bill swap rate.

KYC & CDD

Australian Banks Face Pressure Over Real Estate Loans to Foreigners

By Editors | 22/07/2014

Australian banks are coming under scrutiny as politicians investigate their role in helping fund foreign investment in real estate.

Anti-Money Laundering

Singapore Tightens Rules Against Money Laundering and Terrorist Financing

By Editors | 19/07/2014

The Monetary Authority of Singapore is requiring banks and other financial institutions to perform a risk assessment on money laundering and terrorist financing at a wider institutional level, beyond the assessment of individual customers.

Anti-Money Laundering

More Chinese Banks Hit in Money Laundering Scandal

By Editors | 10/07/2014

China Citic Bank has become the second Chinese bank accused of breaching foreign exchange rules through services that allow people to take money out of the mainland.