ADVERTISEMENT
Supervision & Enforcement
SAFE Issues Guidance on Penalties for Forex Rule Violations
By Darien Choong | 11/11/2021
Directors and senior managers of financial institutions that deliberately violate the regulations can be fined between CNY 50,000 and CNY 500,000.
Credit Risk
World Bank Urges East Asian, Pacific Jurisdictions to Address NPLs
By Ranamita Chakraborty | 11/11/2021
A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.
Anti-Money Laundering
What Future AML Compliance Requires: A Technology Perspective
By Amber Qin | 10/11/2021
Intelligent AML solutions need to achieve a fine balance between compliance, transparency, effectiveness, and efficiency, say Amber Qin and Sophia Wu from Ant Group.
Fraud, Scams & Cybercrime
US Treasury Announces New Ransomware-related Sanctions
By Manesh Samtani | 09/11/2021
The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.
AI Risk & Governance
Singapore to Deepen AI Capabilities in Financial Sector
By Mark Johnston | 09/11/2021
Singapore has pledged an additional S$180mn in additional AI research funding to enhance the financial sector’s AI capabilities.
Conduct, Culture & Accountability
NZ FMA Expects Proactive Self-reporting of Misconduct Issues
By Editors | 08/11/2021
The minimum expectation for good conduct risk management is for firms to self-report potential breaches to the FMA, said acting general counsel Karen Chang.
Anti-Bribery & Corruption
CCDI Draws Lessons on Corruption from Ex-ICBC Bankers
By Darien Choong | 08/11/2021
The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.
KYC & CDD
Australia Launches New Director ID Regime
By Editors | 07/11/2021
Directors will face penalties for not applying for a director ID on time, for providing false ID information, or intentionally applying for multiple director IDs.
Market Abuse
Prosecutors Abandon Criminal Cartel Case Against ANZ
By Editors | 07/11/2021
Prosecutors have decided to abandon the case against ANZ after being asked to refile their indictment a third time. The cases against Deutsche Bank and Citi will proceed.
Anti-Money Laundering
HKMA Launches AMLab Series to Experiment with Network Analytics
By Editors | 07/11/2021
Five banks will work with data experts to experiment with the use of data analytics and network diagrams in identifying suspected money mules.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.