Financial Crime

    Anti-Money Laundering

    Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes

    By Editors | 03/04/2014

    The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.

    Capital Adequacy

    IFSB Issues New Guidelines on Supervision of Islamic Finance Institutions

    By Editors | 01/04/2014

    The Islamic Financial Services Board has adopted a revised guideline on the supervision of Islamic finance institutions to tighten regulatory oversight of industry practices.

    Anti-Money Laundering

    Growing Awareness of Anti-Money Laundering in Asia Pacific

    By Editors | 31/03/2014

    According to KPMG’s Global AML Survey 2014, 88 percent of more than 300 respondents worldwide said that AML is a priority for senior management.

    Fraud, Scams & Cybercrime

    Re-promulgated Securities Laws to Boost SEBI Powers to Fight Ponzi Schemes

    By Editors | 31/03/2014

    India has re-promulgated the Securities Laws Ordinance that seeks to empower the Securities & Exchange Board of India to effectively check illegal deposit taking and Ponzi schemes.

    Cloud & Infrastructure

    Leapfrog as a Strategy to Meet Challenges Faced by Financial Institutions Technology in Asia

    By Editors | 31/03/2014

    How implementing a new generation of technology can address cost savings and meet volume demands whilst satisfying global regulatory regulatory requirements.

    Fraud, Scams & Cybercrime

    Indonesian Regulator Vows Stronger Safeguards, Probes into Dubious Investment Products

    By Editors | 25/03/2014

    The Financial Services Authority (OJK) is looking into the activities of at least 238 companies that are suspected of offering dubious investments from the beginning of 2014.

    Supervision & Enforcement

    EY Hires Former Goldman Regulatory Chief for Asia-Pacific Financial Services Office

    By Editors | 25/03/2014

    Global auditing and advisory firm EY has recruited a former Goldman Sachs regulatory and compliance chief as regulatory services leader for Asia-Pacific FSO.

    Supervision & Enforcement

    Australia’s Regulator Unveils Report on ‘Corporate Wrongdoing’

    By Editors | 21/03/2014

    Australian Securities and Investments Commission released a report outlining the penalties for a range of “corporate wrongdoing.”

    Market Abuse

    Australia to Launch Investigation into Foreign Exchange Benchmarks

    By Editors | 21/03/2014

    The Australian Securities and Investments Commission is preparing to launch an investigation into the potential manipulation of foreign exchange benchmarks by the country’s biggest banks.

    Trading & Investment

    S.Korea to Launch Gold Trading Platform to Curb Illegal Trade

    By Editors | 20/03/2014

    Korea Exchange Inc. will launch a gold trading platform in an attempt to better regulate a market dominated by illegal transactions.

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