Fraud, Scams & Cybercrime

Authorities Take Down “World’s Largest” Malicious Botnet

30/05/2024

US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

Anti-Money Laundering

US Treasury Publishes Illicit Finance Risk Assessment on NFTs

30/05/2024

NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.

Credit Risk

Shanghai Announces Measures to Boost Property Market

29/05/2024

The measures include lower minimum down payment ratios and mortgage rates for first- and second-home buyers.

Trading & Investment

China Establishes New Investment Fund for Chip Sector

29/05/2024

This is the third phase of the fund, which for the first time includes investments from the major state-owned banks.

PEPs & Sanctions

OFAC Sanctions Thai Firms Linked to Cybercrime Network

29/05/2024

Three Chinese individuals and three Thai companies were sanctioned over their links to a malicious botnet called 911 S5.

Anti-Money Laundering

Former FTX Executive Sentenced to 7.5 Years in Prison

29/05/2024

Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

Structural Regulation

CSRC Tightens Rules on Share Disposals by Key Executives

29/05/2024

The rules prohibit major shareholders and senior managers of listed companies from offloading shares under certain situations.

Trading & Investment

KRX Chief Outlines Four-Pillar Strategy to Boost Stock Market

29/05/2024

KRX will support the Value-Up Programme, introduce new products, delist zombie companies, and grow its data and index business.

Reporting & Disclosures

IFRS Foundation Releases Adoption Guide for ISSB Standards

29/05/2024

The Jurisdictional Guide describes how different countries are approaching the adoption and other uses of the ISSB Standards.