Posts By Editors, Regulation Asia
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621AML / KYCSingapore Banker Faces 94 Charges for S$1.9m Fraud
The former banker allegedly told his victims their funds would be placed as fixed deposits or in financial products, resulting in client losses over S$1.9mn.
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232Hong KongHKEX Abandons Pursuit of London Stock Exchange Merger
HKEX says the merger is still strategically compelling but it has not been able to engage with LSEG's management in realising its vision.
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282AML / KYCIndia Establishes High Level Panel on AML/CFT
The inter-ministerial committee comprises senior officials from government departments, ministries, law enforcement agencies and regulatory bodies, including the RBI, SEBI and IRDAI.
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284AML / KYCThailand Cabinet Approves Draft AML Regulations
Under the rules, financial institutions will be required to obtain additional source of funds information from customers for cross-border transfers exceeding 50,000 baht.
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202KoreaKorea FSS to Inspect Shinhan Governance This Month
The FSS is reportedly looking into Shinhan’s governance structure ahead of the end of its current chairman’s term in March 2020.
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358EnforcementTwo Singaporeans Jailed for Spoofing Derivatives Market
Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.
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179EnforcementKorean Court Orders CoinOne to Compensate Hacked Client
South Korean crypto exchange CoinOne has been ordered to repay a client after a hacker who stole his login information was able to withdraw 25mn won over the withdrawal limit.
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273Fintech / RegtechJapan Brokers Form New Body to Develop Rules for STOs
The new association was formed by securities firms SBI, Nomura, Daiwa, Kabu.com, Monex and Rakuten and will seek FSA approval for status as a self-regulatory organisation.
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217ChinaChina Antigraft Agency Concludes Probe into Former CSRC Chief
Liu Shiyu has been removed from his government post and had his illegal gains confiscated, but he will remain a member of the CCP due to his cooperation in the probe.
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308Australia & NZABA Backs Proposal for Bank-Funded Financial Counselling
A review of Australia's financial counselling sector has recommended that the big four banks fund half of the initial contributions immediately needed to expand delivery of such services.
