Helen O'Gorman

This post has been provided courtesy of ICA

May 7, 2015

South Asia: Reserve Bank of India fines and anti-bribery law amendments

The Reserve Bank of India, the national banking regulator, has issued INR1.5cr (USD165,276)  fines to three public sector banks  and issued to cautions to eight more for failure to implement appropriate measures to prevent and detect AML/CTF. The censure comes …

March 24, 2015

How much do APAC’s regulators earn?

Regulators’ salaries across Asia Pacific vary enormously:some supervisors earn fortunes and others hit the pay scale at the average to low end. Some governments believe that paying politicians and civil servants high salaries should reduce the likelihood of them accepting …

January 28, 2015

Blacklists, PEPs, corruption and regulation. How is 2015 looking so far?

January 15th saw a round of face to face meetings for jurisdictions found to be lacking in the last FATF plenary, with the APG ML in Sydney. Cambodia, Lao PDR, Pakistan, Afghanistan and Papua New Guinea  all made the last …

December 22, 2014

Compliance Carols

This is the time of year to roll out the platitudes and look back over the past 12 months, at the high points and low points  and this blog is no exception. 2014 has been a great year for compliance, …

November 12, 2014

South East Asia is about to become borderless

South East Asia is about to become borderless; someone is keeping tabs on the North Korean leadership apparatus and campaign financing is under the spotlight. January 2015 sees the establishment of the  Association of Southeast Asian Nations (ASEAN) Communit y …

October 21, 2014

The winds of change have rolled in with the Asian Autumn

Since early October, students in Hong Kong have protested against China’s reneged promise of free and fair elections. This coming from the country who protested last when its citizens lost money en masse due to the misselling of minibonds in …

September 3, 2014

Calling Big Banks to aid financial inclusion and raise their social kudos

Last week, India’s Prime Minister Narendra Modi hit the headlines with his promise of  bank accounts for every household in the country , a bid to offer help to the country’s poor. The initiative is part of a movement towards …

August 5, 2014

A few smoking guns, but no fires spotted as yet – charting the progress of anti-corruption in Asia

Influential, wealthy and ‘lawyered-up’ entities are settling bribery cases with prosecutors by throwing money at the case in order to avoid admitting guilt or proving innocence. What message does this send out to the world? Smith & Wesson, a US …

July 7, 2014

Terrorist financing, Singapore crime figures and cultural change afoot

This month’s APAC bulletin from the ICA looks at the massive and sudden resurgence of terrorist financing threat from the Middle East, we glimpse inside the Singaporean financial sector and comment on how APAC financial institutions could get the jump …

June 5, 2014

Are Thai PEPs trying to smurf their cash out of the country?

The military coup in Thailand is well publicized. As of May 31st, General Prayuth Chan-ocha, the junta chief has declared he will remain in charge of Thailand until the country is ready to elect a new civilian PM via democratic …

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