Financial Crime

Anti-Money Laundering

Financial Crime Country Lists in a Fragmenting World Order

By Tom Keatinge | 30/10/2020

Those that promote lists of countries that are slow to tackle financial crime must work harder to exclude politics and prove their integrity and value, says RUSI’s Tom Keatinge.

Market Abuse

Singapore Courts Charge Two for Cheating, False Trading

By Editors | 30/10/2020

Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.

PEPs & Sanctions

HKAA Sanctions Impact ‘Relatively Muted’, For Now: IIF

By Manesh Samtani | 29/10/2020

One of the main concerns for Chinese banks is that a loss of access to dollar finance could hamper their ability to lend to corporate customers that rely on USD financing.

Conduct, Culture & Accountability

Bovill Research Calls into Question Efficacy of FCA’s SMCR

By Shruti Khairnar | 28/10/2020

The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.

Trading & Investment

China Explores Rule Relaxations to Facilitate Cross-Border Investment

By Manesh Samtani | 28/10/2020

China’s regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.

Fraud, Scams & Cybercrime

SC Malaysia Establishes Task Force to Combat Financial Scams

By Editors | 27/10/2020

SC chairman Datuk Syed Zaid Albar SAID Malaysian nationals lost $220mn to financial scams in the first six months of this year.

Anti-Money Laundering

PBOC Issues Draft AML Rules for Beijing Real Estate Sector

By Editors | 27/10/2020

The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.

Market Abuse

Singapore: Ex-Fund Manager Charged for Acts Likely to Defraud Investors

By Editors | 27/10/2020

The former fund manager allegedly sold bonds at lower-than-market prices from one fund he managed to another fund, knowing there were higher offers for the same bonds.

Anti-Money Laundering

China Issues AML/CTF Guidelines for Microfinance Institutions

By Editors | 27/10/2020

The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.