Enforcement

AML / KYC

Hong Kong Publishes First AML/CTF Risk Assessment

By Manesh Samtani | 02/05/2018

Hong Kong exposed to medium-high level of money laundering risk; ability to combat money laundering also assessed as medium-high.

Enforcement

Chinese Exchanges Toughen ‘Abnormal Trade’ Monitoring

By Editors | 01/05/2018

SZSE and SSE have strengthened rules for member firms on monitoring key accounts for abnormal trading and market manipulation.

Enforcement

Singapore Raises Accountability, Conduct Standards at FIs

By Garima Chitkara | 30/04/2018

MAS has released guidelines on promoting individual accountability of senior managers, strengthening employee oversight, and embedding ‘proper conduct’ standards at financial institutions.

AML / KYC

ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime

By Manesh Samtani | 26/04/2018

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.

Enforcement

Cambodia Warns Against Online Lending Firms

By Editors | 26/04/2018

Central bank says many online lending firms are not licensed, making the loans illegal.

Enforcement

Australia Consults on ASIC Industry Funding Levy Amendments

By JP Reimann | 26/04/2018

Australia released new draft regulations to make technical amendments to the levies in the industry funding framework; consultation closes on 14 May 2018.

Crypto / Digital Assets

Crackdown on Illegal Financing to Continue – PBOC

By JP Reimann | 26/04/2018

China’s central bank issued a warning on all illegal fundraising, including through financing intermediaries, online finance platforms, real estate, agriculture, ICOs.

Enforcement

FSB Publishes Toolkit on Combatting Misconduct

By Editors | 24/04/2018

Toolkit offers options on standards and codes of behavior, measures related to wholesale market conduct, guidance on compensation, and tools for strengthening governance.

AML / KYC

Sri Lanka Affirms Commitment to Preventing Financial Crime

By Editors | 23/04/2018

As the country looks to increase grass-roots access to finance, it will require greater engagement with the international financial community, requiring greater focus on preventing financial crime.