All posts tagged "Monitoring"
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203AML / KYCLessons Learned From APAC’s Landmark Year of AML Fines
Drawing from landmark penalties in 2020, FINTRAIL’s Payal Patel and Sara Abbasi identify key lessons to help financial institutions guard against financial crime.
January 20, 2021 -
95KoreaFSC Korea Prepares to Lift Ban on Illegal Short Selling
The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.
January 16, 2021 -
340AML / KYCSingapore Money Remittance Sector Poses High TF Risk: MAS
Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
January 12, 2021 -
212Australia & NZNew Foreign Investment Regime Takes Effect in Australia
Foreign investors are required to seek approval for all investments in sensitive national security land or businesses (including starting such a business) regardless of value.
January 5, 2021 -
113EnforcementTaiwan FSC Fines KGI Securities Over Poor Internal Controls
The case relates to the August suicide of a former KGI Securities employee, who suffered large investment losses as a result of illegal futures trades for his clients.
December 31, 2020 -
93EnforcementIOSCO Issues Guidance on Addressing Misconduct During Stress Events
Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.
December 31, 2020 -
239FeatureFSC Korea Unveils Additional Measures to Curb Illegal Short Selling
The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.
December 22, 2020 -
Press Release
StarCompliance Recognised for Advances in Conduct Risk Management
Star Compliance provides software that automates the detection of employee conflicts of interest and provides real-time insights to supervisors to guard against misconduct risk.
December 16, 2020 -
154Feature
South Korea to Punish Illegal Short Sellers with Jail Time
Under a revision bill that could take effect by Q2, naked short sellers will face up to a year in jail or up to five times profits on a trade.
December 14, 2020 -
373Asia-PacificBOT Relaxes Investment Restrictions to Hold Down Baht
The changes will make it easier for residents to invest overseas and hold foreign currency at local banks. ETFs tracking foreign securities will be allowed to list in Thailand.
November 26, 2020
