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Big China banks ramp up compliance as global push hits snags

Move follows high-profile judicial investigations and regulatory probes in the US, Europe
Thursday, June 2, 2016 - 05:50

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In Spain, six Industrial and Commercial Bank of China Ltd (ICBC) bankers were arrested in February, suspected of facilitating money laundering and fraud.

Beijing

CHINA'S biggest banks are beefing up their risk management and compliance programmes, following a series of high-profile judicial investigations and regulatory probes in the United States and Europe.

These legal and regulatory headaches are likely to be a drag on their

sentifi.com

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