Financial Crime

Trading & Investment

Hong Kong Regulator Outlines Crowd-funding Risks, Regulatory Issues

By Editors | 08/05/2014

Crowd-funding that allows people to raise money for loans, causes, or projects through the web pose potential regulatory compliance issues and other investment risks.

Anti-Money Laundering

Singapore, US Agree on FATCA Arrangement

By Editors | 06/05/2014

Singapore has reached an agreement with the United States under a law that require foreign banks, investment funds and insurers to hand over information about Americans’ account to the US Internal Revenue Service.

Payments & Settlements

S. Korea Tightens Monitoring of Chinese Online Payment Firm

By Editors | 06/05/2014

The Financial Supervisory Service has stepped up its monitoring of Chinese online payment service firm Alipay that will open a new type of offline service in the country.

Trade Based Money Laundering

China Banking Regulator Seeks Iron Ore Financing Probe

By Editors | 29/04/2014

China Banking Regulatory Commission has told local authorities and banks to investigate iron ore financing deals amid default risks arising from commodities trade funding.

Capital Adequacy

Basel Banking Committee Appoints Coen as Secretary General

By Editors | 23/04/2014

Basel Committee has appointed William Coen as its next secretary general, for an initial term of three years.

Fraud, Scams & Cybercrime

RBS Fined HK$6m Over Illegal Emerging Markets Trades

By Editors | 22/04/2014

The Royal Bank of Scotland (RBS) has been fined HK$6 million for internal control failures relating to the detection and prevention of unauthorized trading activities.

Fraud, Scams & Cybercrime

China Regulators Target Illegal Funds amid Booming E-Finance

By Editors | 22/04/2014

The China Banking Regulatory Commission is stepping up efforts to combat illegal fund-raising over the internet, and aims to roll out an investor education campaign to guide the public.

Payments & Settlements

Singapore, Brunei Regulators Sign Bilateral Cooperation Pact

By Editors | 22/04/2014

The Monetary Authority of Singapore and its counterpart in Brunei have agreed to expand bilateral cooperation into new areas of partnership including monetary management and banking supervision.

Emerging Prudential Risks

Australian Prudential Regulator Seeks More Flexibility in Regulatory Function

By Editors | 07/04/2014

The Australian Prudential Regulation Authority seeks increased independence from the government or parliament to effectively regulate the banking, superannuation and life insurance industries.