Anti-Money Laundering

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.

Structural Regulation

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.

Cybersecurity

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.

Sustainable Finance

Australia Launches Inaugural Sovereign Green Bond

05/06/2024

The 10-year bonds, oversubscribed by more than 300 percent, will “deliver significant environmental benefits”.

Cryptocurrency

Cboe Australia Commences Trading in New Bitcoin ETF

05/06/2024

The new ETF, launched by Monochrome Asset Management, is the first in Australia to hold crypto assets directly.

Trading & Investment

Korea: FSS Warns Against New Tax on Investment Income

05/06/2024

FSS governor said the financial investment income tax will disincentivise long-term investment and lead to outflows from Korea.

Cryptocurrency

ESMA Issues Conflict of Interest Rules for Crypto Firms

05/06/2024

ESMA says crypto firms may be “vertically integrated” but must be able to identify, prevent, manage and disclose conflicts of interest.

Trading & Investment

China Raises QDII Limits for the First Time Since July 2023

04/06/2024

China had suspended the expansion of the QDII programme last year to reduce capital outflow and ease pressure on the yuan.

Structural Regulation

Australian Treasury Orders Chinese Investors to Sell Shares

04/06/2024

China-linked investors were ordered to dispose of shares in rare earths miner Northern Minerals on national interest grounds.