All posts tagged "fraud"
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19ChinaChina Proposes Revisions to CPA Law to Improve Audit Quality
The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.
October 28, 2021 -
121AML / KYCPBOC Issues Guidance on Risk-based Account Opening
Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.
October 26, 2021 -
100AML / KYCSingapore Court Fines Man for Falsifying North Korea Invoices
The business dealings were not in violation of sanctions regulations but the falsification of invoices to conceal them from banks has resulted in a S$210,000 fine.
October 26, 2021 -
125AML / KYCBOT Calms Nerves Amid Large Scale Bank Card Fraud
More than 10,000 card holders have experienced unatuthorised transactions on credit and debit cards issued by several Thai banks.
October 19, 2021 -
116EnforcementRBI Penalised StanChart, SBI for Regulatory Violations
The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
October 19, 2021 -
113EnforcementHK Court Jails Former Convoy, Gransing Executives
Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.
October 18, 2021 -
268Fintech / RegtechG7 Ministers Endorse Public Policy Principles for Retail CBDC
Any CBDC must support, and ‘do no harm’ to, the ability of central banks to fulfil their mandates for monetary and financial stability.
October 15, 2021 -
175AML / KYCHong Kong Police Arrest 32 Over PLGS Loan Fraud
A syndicate with triad links allegedly use cold calls and posed as bank staff to lure victims into the illicit scheme promising government-guaranteed low-interest loans.
October 13, 2021 -
213EnforcementTaiwan FSC to Standardise Data Breach Reporting Timelines
The FSC says standardising the breach reporting time at 72 hours will improve the efficiency of managing fraud and data theft.
October 13, 2021 -
265FeatureG7 Ministers to Endorse Guiding Principles for CBDC – Report
The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.
October 13, 2021
