Enforcement

Myanmar Cracks Down on Cross-border Remittances

06/06/2024

“Hundi” cash transfer services and overseas property deals are being blamed for a severe depreciation of Myanmar’s currency.

Crypto / Digital Assets

Japan FSA Directs Crypto Firm to Report on $300m Theft

06/06/2024

The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

ESG / Sustainability

Japan Forms Group to Examine Carbon Market Infrastructure

06/06/2024

The new study group will examine the state of the infrastructure and market practices for carbon credit trading in Japan.

AML / KYC

US Authorities Accused of Ignoring Evidence Against StanChart

06/06/2024

A whistleblower says US officials falsely denied that he had provided useful information in order to have his claim for a whistleblower reward dismissed.

Securities / Derivatives

China Considers Market Data Restrictions for Quant Funds

06/06/2024

The move is reportedly intended to “blindfold” quant funds to make the market fairer and create a level playground for retail investors.

US to Establish Registry of Law-Breaking Nonbank Financial Firms

06/06/2024

The registry will help authorities monitor and track repeat offenders in order to better hold them accountable if they break the law again.

AML / KYC

US Authorities Arrest Epoch Times CFO for Money Laundering

06/06/2024

The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

Securities / Derivatives

FSC Korea Proposes to Revise Rules for Treasury Shares

05/06/2024

The changes will prevent misuse of the treasury stock system and provide better protections for general shareholders of listed companies.

Fintech / Regtech

Hackers Put Stolen Santander Data Up for Sale – Reports

05/06/2024

The hacking group reportedly stole 30 million customers’ bank account details and 28 million credit card numbers, among other information.