All posts tagged "misappropriation"
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354EnforcementTwo Taiwan Banks Fined Over Misappropriated Customer Funds
Mega Bank and Huanan Bank were each fined TWD 4 million fine for internal control failures which allowed cashiers to misappropriate customer funds.
June 10, 2022 -
738EnforcementTaiwan FSC Fines KGI Bank Over Misappropriated Client Assets
KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.
May 11, 2022 -
738EnforcementMAS Consults on Revised Misconduct Reporting Requirements
Misconduct reports will have to be submitted to MAS within 21 calendar days after an FI has found reasonable grounds to believe that misconduct has been committed.
April 24, 2022 -
347ChinaCBIRC Directs FIs to Provide Support to Covid-hit Logistics Sector
Banks are directed to increase financial support for transportation enterprises, including by offering them new lending, deferring loan repayment, and lowering loan interest and fees.
April 19, 2022 -
468AML / KYCNY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to "lack of jurisdiction".
April 18, 2022 -
474AML / KYCFinCEN Issues Guidance on Detecting Foreign Public Corruption
The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
April 18, 2022 -
964AML / KYCNew York Court Convicts Ex-Goldman Exec in 1MDB Case
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
April 11, 2022 -
413Australia & NZASIC Launches Federal Court Proceedings Against Macquarie
ASIC says Macquarie failed to properly detect and prevent unauthorised fee transactions by now-convicted former financial adviser, Ross Andrew Hopkins.
April 5, 2022 -
507Hong KongSFC Sets Out Expectations on Complaints Handling Processes
LCs should set a 7-day timeline for acknowledging receipt of complaints and a 2-month timeline for providing a final response to the complainant.
April 1, 2022 -
731ChinaFormer Bank of Qinghai Executive Jailed 18 Years For Corruption
A former chairman of China Postal Savings Bank and a former vice chairman of the CBRC have also been arrested on corruption charges.
February 25, 2022
