Financial Crime

    Market Abuse

    SEBI Exonerates Nine in NSE ‘Dark Fibre’ Case – Reports

    By Editors | 17/01/2020

    SEBI said there was no evidence to suggest the nine former and current NSE officials were involved in facilitating preferential market access for selected brokers.

    Anti-Money Laundering

    Fighting Modern Slavery: What the Banking Sector Can Do to Help

    By Matt Friedman | 17/01/2020

    Many banks are retooling to include modern slavery as one of the issues they track within their existing AML protocols, says Matt Friedman, CEO of The Mekong Club.

    Anti-Money Laundering

    MAS Publishes Responses to VCC Consultation Papers

    By Editors | 16/01/2020

    VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.

    Conduct, Culture & Accountability

    HKMA Reveals Preliminary Findings from Bank Culture Assessments

    By Manesh Samtani | 16/01/2020

    HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.

    Market Abuse

    CFTC Penalises Mirae Asset Daewoo on Spoofing Charges

    By Editors | 15/01/2020

    Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.

    Cybersecurity

    IMF Calls for Global Response to Address Cybersecurity Threat

    By Editors | 15/01/2020

    To reap the benefits of new technologies to develop markets and expand financial inclusion, the security of information and communications technologies must be ensured.

    Anti-Money Laundering

    Singapore Convicts a Second National for Terrorism Financing

    By Editors | 15/01/2020

    Imran Kassim became the first Singapore national to be charged for terrorism financing last April, but is the second to be convicted and sentenced.

    Credit Risk

    RBI Imposes Restrictions on Another Cooperative Bank

    By Editors | 14/01/2020

    Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.

    Conduct, Culture & Accountability

    ASIC to Audit Broker Sales of Listed Investment Funds

    By Editors | 14/01/2020

    ASIC is reviewing whether sales commissions paid by fund managers to brokers or financial advisers to sell funds compromise the best interests of investors.

    Conduct, Culture & Accountability

    SEBI Launches Fresh Probe into NSE for Data Leak

    By Editors | 14/01/2020

    The alleged leaks are said to have involved documents related to NSE policy decisions, internal studies and board meeting minutes.

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