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Payments & Settlements
The New Cold War Is Financial
By Tom Keatinge | 29/09/2020
Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
Supervision & Enforcement
SFC, IA Sign New MoU on Supervisory Cooperation
By Editors | 28/09/2020
The MoU covers case referrals, joint inspections and investigations, and sharing of information pertaining to products and relevant entities or key persons.
Fraud, Scams & Cybercrime
Singapore Police Lay Second Charge Against Hin Leong Founder
By Editors | 28/09/2020
The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.
Anti-Money Laundering
Crypto Industry Responds to FATF Red Flag Report
By Nathan Smale | 28/09/2020
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
PEPs & Sanctions
Gaming Out Sanctions Risk
By Eric A. Sohn | 27/09/2020
Sanctions specialist Eric Sohn explains how wargaming exercises can be used as a risk management tool to game out threats and enhance strategic planning.
Anti-Bribery & Corruption
Former Citic Bank Exec Sentenced to 15 Years’ Jail for Bribery
By Editors | 26/09/2020
The conviction is said to be linked to a criminal case involving the head of a Citic Group asset management subsidiary.
Credit Risk
Bangladesh Bank Orders Banks to Cap Credit Card Interest
By Editors | 26/09/2020
Banks are charging customers between 25 and 27 percent in interest on credit card debt, in violation of regulations, Bangladesh Bank said.
Trading & Investment
BSP Approves Sale of Unit Investment Trust Funds via Third Parties
By Editors | 26/09/2020
New rule amendments allow trust corporations to offer their investment products through third-party distributors, including individual and institutional agents.
KYC & CDD
Stockbrokers’ Association Pushes Back Against AUSTRAC Proposal
By Manesh Samtani | 25/09/2020
AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.
Supervision & Enforcement
Korea, Thailand Sign MoU on Financial Services Regulation
By Sanday Chongo Kabange | 25/09/2020
The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.
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