All posts tagged "Internal controls"
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496ChinaCBIRC Issues Raft of Penalties Over Illegal Loans at Banks
China Construction Bank was fined, while senior executives and responsible personnel at Shanghai Pudong Development Bank and Guangfa Bank were punished individually.
October 21, 2020 -
372FeatureTokyo Stock Exchange Faces FSA Probe Over System Outage
Based on an on-site investigation and findings from JPX's own investigative committee, the FSA will consider issuing a business improvement order.
October 20, 2020 -
389EnforcementKorea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling
The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020 -
255EnforcementKorea FSS Fines Four Foreign Fund Managers for Naked Short Selling
One firm was fined KRW 360mn for failing to borrow KRW 13mn worth of stock prior to short-selling, a penalty of more than 27 times the amount short-sold.
September 22, 2020 -
528AML / KYCChinese Police Target Offshore Gambling via E-Commerce Platforms
Chinese police say at least $2bn has been laundered to offshore gambling sites through fake e-commerce purchases and other methods.
September 17, 2020 -
614AML / KYCOFAC Settles Deutsche Bank Trust Sanctions Violations
The settlement covers a large payment linked to a designated oil company and 61 payments made to a sanctioned bank in 2015.
September 14, 2020 -
690EnforcementTaiwan FSC Penalises 12 Futures Brokers Over Oil Trades
The futures brokers failed to announce negative oil prices in April and were unable to accept orders from clients, among other failures.
September 8, 2020 -
695China
CBIRC Fines Four Banks and Huarong for Violations
Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
September 8, 2020 -
875EnforcementTaiwan FSC Initiates Probe into Taipei Fubon Bank President
Taipei Fubon Commercial Bank's president is alleged to have asked subordinates to approve a $30mn loan to a loss-making China-based health supplement company for his own benefit.
August 13, 2020 -
502ChinaCSRC Issues New Classification Regulations for Securities Firms
The new regulations maintain the overall framework of the regulatory system of classification and focus on optimising the CSRC’s evaluation indexes to address practical issues.
July 15, 2020
