Financial Crime

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.

Anti-Money Laundering

Hong Kong Regulator Fines Ping An for Control Failings

By Editors | 09/07/2014

The Securities and Futures Commission has fined Ping An of China Securities (Hong Kong) HK$6 million over “serious internal control deficiencies.”

Emerging Prudential Risks

China’s Wealth Management Products Total $2.1 trillion in May

By Editors | 23/06/2014

Wealth management products have been growing in China, totalling 12.8 trillion yuan ($2.1 trillion) by the end of May, a senior official of China’s central bank said.

KYC & CDD

India’s SEBI Asks Depository Participants to Share FPI Information with Banks

By Editors | 17/06/2014

Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.

Market Abuse

India’s SEBI May Seek HK, Singapore Assistance in Insider Trading Probe

By Editors | 13/06/2014

The Securities and Exchange Board of India may ask help from its peers in Hong Kong, Singapore and Mauritius, as it widens investigations into suspected market activities of several overseas hedge funds.

Market Abuse

Australia May Have to Tighten Forex Regulations

By Editors | 12/06/2014

Australia could be forced to increase its oversight of the US$4 trillion-a-day foreign exchange market in line with tougher United Kingdom rules.

Emerging Prudential Risks

S. Korea Stresses Role of Central Bank for Sustainable Growth

By Editors | 05/06/2014

South Korea’s top central banker highlighted the increasing role of central banks in achieving sustainable economic growth following the global financial crisis.

Trade Based Money Laundering

Navigating the Complex World of Myanmar

By Editors | 30/05/2014

“Moving forward in unity to a peaceful and prosperous community,” the Myanmar slogan echoed as it chaired the 2014 ASEAN […]