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Supervision & Enforcement
Hong Kong: Group-Wide Supervision for Insurance Takes Effect
By Ranamita Chakraborty | 02/04/2021
The IA is looking to formally designate AIA Group, FWD Group and the Prudential Group as being subject to the new framework by mid-2021.
Fraud, Scams & Cybercrime
Malaysia Regulators Investigate Investment Scam Syndicate
By Editors | 01/04/2021
The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.
Conduct, Culture & Accountability
SFC Fines Black Marble Securities for Internal Control Failings
By Editors | 01/04/2021
The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.
Fraud, Scams & Cybercrime
SG Police Investigate Over 300 Individuals in Cases of Scams
By Editors | 31/03/2021
The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
Anti-Money Laundering
AUSTRAC Publishes Regulatory Guides on Strengthen AML Controls
By Editors | 31/03/2021
The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.
Credit Risk
Hedge Fund Collapse Sparks Billions in Losses for Banks
By Manesh Samtani | 30/03/2021
The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.
PEPs & Sanctions
China Sanctions UK, US, Canadian Individuals and Entities
By Editors | 30/03/2021
The sanctions follow coordinated action by the US, EU, UK and Canada last week to sanction Chinese officials and entities over Xinjiang.
Operational Risk
FCA, BOE Set Out Priority Areas for LIBOR Transition
By Manesh Samtani | 30/03/2021
Supervisory tools may be used to address insufficient progress and poor risk management or governance.
Fraud, Scams & Cybercrime
SG Police to Lay 23 More Charges Against Hin Leong Founder
By Editors | 29/03/2021
The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.
Anti-Money Laundering
China Regulators to Punish Property Speculators for Loan Misuse
By Sanday Chongo Kabange | 29/03/2021
Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.
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