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compliance

swift

SWIFT announces new security tool to strengthen customer fraud controls

20/09/2016(0)
Anti-fraud reports introduced under SWIFT’s Customer Security Programme Supports banks by helping detect unusual payment flows quickly and easily Improves possibility of cancelling fraudulent transfers SWIFT announces the introduction ... Read More
HSBC building

SFC reprimands and fines HSBC $2.5 million for regulatory breaches

14/09/2016(0)
The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to ... Read More
ASIC_regulator

ASIC: CBA pays $180,000 in penalties and will write off $2.5 million in loan balances

14/09/2016(0)
Commonwealth Bank of Australia (CBA) has paid four infringement notices totalling $180,000 in relation to breaches of responsible lending laws when providing personal overdraft facilities. CBA reported this matter ... Read More
abu dhabi

Abu Dhabi Tax-Free Zone Offers Bespoke Rules For FinTech Startups

12/09/2016(0)
Abu Dhabi Global Market, a tax-free zone in the United Arab Emirates, has released details on its new Regulatory Lab initiative, which is intended to support companies to develop ... Read More
ASIC_regulator

CommSec pays $700,000 in infringement notice penalties and refunds $1.1 million in brokerage

02/09/2016(0)
Commonwealth Securities Limited (“CommSec”) has paid a total penalty of $700,000 to comply with two infringement notices given to it by the Markets Disciplinary Panel (“MDP”), and has voluntarily refunded ... Read More
HMRC

HMRC launches plans to tackle black economy

30/08/2016(0)
HMRC has launched three consultations on proposals to clamp down on the black economy. The proposals include extending HMRC’s data gathering powers, forcing more business to register for tax purposes in ... Read More
CySEC

Lift of suspension of the license of ASP Mutual Trust Ltd

30/08/2016(0)
The Cyprus Securities and Exchange Commission (CySec) announces the lift of the suspension of authorisation for providing Administrative Services of «Mutual Trust Limited» (‘the Company’), with number 44/196, pursuant ... Read More
SFC-logo-office

SFC reprimands and fines Morgan Stanley

25/08/2016(0)
The Securities and Futures Commission (SFC) has resolved its concerns with Morgan Stanley Hong Kong Securities Limited (MSHK) over its internal control failures. Under the resolution, the SFC reprimanded ... Read More
panama papers

Taiwan to toughen anti-money laundering law after US fine

25/08/2016(0)
Taiwan moved Thursday (Aug 25) to toughen its anti-money laundering law after US authorities fined a local bank linked to the so-called Panama Papers scandal. Last week, American regulators ... Read More
fatca

Many Reporting Entities Unprepared For FATCA

24/08/2016(0)
New research shows that financial institutions are generally confident about meeting existing and incoming automatic exchange of information obligations. However, the study also found that a significant proportion of ... Read More
Broker Cyprus TopFX