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Supervision & Enforcement
The FATF Should Embrace the Opportunity to Reform
By Tom Keatinge | 30/06/2019
The FATF needs to recognise that it should be more transparent and be able to provide greater assurance of independence and oversight, says RUSI’s Tom Keatinge.
Supervision & Enforcement
National Auditor Finds Lending Violations at Chinese Banks
By Editors | 28/06/2019
Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.
PEPs & Sanctions
MUFG Bank Reaches Settlement with New York State Regulator
By Editors | 28/06/2019
The agreement settles claims relating to MUFG’s switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.
Conduct, Culture & Accountability
ASIC Imposes Lifetime Ban on Former Westpac Adviser
By Editors | 27/06/2019
The former adviser is said to have prioritised his own interests over those of his clients by providing inappropriate advice that maximised fees and commissions.
Supervision & Enforcement
RBNZ to Intensify Supervision of Financial Institutions
By Editors | 27/06/2019
The RBNZ is reviewing its regulatory requirements and intensifying its supervision of financial institutions to boost the resilience of New Zealand’s financial system.
Anti-Bribery & Corruption
HKEX Official Arrested in ICAC-SFC Joint Operation
By Editors | 27/06/2019
The ICAC has arrested the former joint head of IPO vetting for HKEX, and two others, for “suspected corruption and misconduct” in relation to the vetting of listing applications.
Anti-Money Laundering
Facebook’s Libra – An Enabler of Money Laundering?
By Charles Delingpole | 26/06/2019
Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.
PEPs & Sanctions
US Court Finds Chinese Banks in Contempt in Sanctions Probe
By Editors | 26/06/2019
A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.
Market Abuse
SFC Orders Freezing of More Assets Linked to Manipulation Case
By Editors | 26/06/2019
The SFC has ordered more brokers to stop dealing with and processing assets linked to suspected market manipulation of Ding Yi Feng shares.
Anti-Money Laundering
Goldman’s Compensation Offer for 1MDB Losses ‘Not Adequate’
By Editors | 25/06/2019
Prime Minister Mahathir Mohamad says Goldman’s $240mn offer to compensate Malaysia for the bank’s role in the 1MDB scandal is not adequate.
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