Helen O'Gorman
This post has been provided courtesy of ICA
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 …
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 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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …