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Anti-Money Laundering
SFC Asks Licensed Firms to Bolster AML/CTF Compliance
By Editors | 09/09/2019
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
Fraud, Scams & Cybercrime
China P2P Lenders Ordered to Share Data with Credit Bureaus
By Editors | 06/09/2019
The move is part of a broader crackdown on irregular practices and risks in the P2P sector, and will provide greater protection to investors in online lending platforms.
Structural Regulation
FSC Korea to Ease Major Shareholder Notification Rule
By Editors | 06/09/2019
Institutional investors will be exempt from disclosing major shareholding changes when exercising their rights to remove law-breaking executives or to push for improved governance.
Anti-Money Laundering
HKMA Offers Guidance in Response to FATF Report
By Manesh Samtani | 06/09/2019
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
Structural Regulation
Thailand to Digitise Capital Market Processes with DLT
By Editors | 05/09/2019
The project aims to reduce the documentary procedures required in processes related to share issuances and offerings, securities registration, settlement and delivery, and KYC.
Resolution & Recovery
SBV Lists Criteria for Assuming Control of Troubled Banks
By Editors | 05/09/2019
The State Bank of Vietnam has issued a circular outlining seven conditions under which it will impose ‘special control’ over credit institutions.
AI Risk & Governance
India Government Panel Pushes for Fintech, Regtech Adoption
By Editors | 04/09/2019
The panel has also proposed the development of a marketplace model for P2P lending, and the introduction of virtual banking in India.
Anti-Money Laundering
FATF Releases Mutual Evaluation Report for Hong Kong
By Manesh Samtani | 04/09/2019
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
Conduct, Culture & Accountability
Compliance Training Failing to Deliver Meaningful Outcomes
By Editors | 04/09/2019
Efforts to shape employee behaviour through compliance training have failed to deliver meaningful outcomes, says a new report from Quinlan & Associates.
Supervision & Enforcement
Enforcement Actions Will Be Publicised, APRA Clarifies
By Editors | 04/09/2019
Publicising enforcement actions gives the community confidence that financial institutions are being held to account when they do the wrong thing, said APRA deputy chair John Lonsdale.
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