AML / KYC

US Concerned India is Routing Russian Oil to New York

22/08/2022

An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.

Enforcement

Shanghai Court Jails Tycoon Xiao Jianhua, Fines Conglomerate

22/08/2022

Xiao Jianhua was handed a 13-year jail term and CNY 6.5 million fine. His company, Tomorrow Holding, was fined CNY 55 billion.

Enforcement

SFC Probes AMTD Over Past Underwriting Deals – Reports

22/08/2022

The full scope of the probe into AMTD Group and its current status are “unclear”, but it is said to be related to previous underwriting deals.

AML / KYC

Almost $2b Stolen from Crypto Hacks in H1 2022: Chainalysis

22/08/2022

The value stolen from crypto hacks increased 60% from the same pariod last year, largely attributed to vulnerabilities of DeFi protocols.

ESG / Sustainability

Bursa Malaysia Issues Investor Relations Guidance for PLCs

22/08/2022

The new guidebook will help listed companies in their engagement with stakeholders and investor relations, Bursa Malaysia said.

Securities / Derivatives

Hong Kong Tracker Fund to Add RMB Trading Counter

22/08/2022

The RMB counter will trade only in the secondary market, starting from 19 September, when Hang Seng Investment Management takes over as manager.

ESG / Sustainability

JPX Starts Disclosing Daily Data on Green Bond Projects

21/08/2022

A new “Green Tracking Hub” is disclosing the amount of power generated by renewable energy projects financed by JPX’s first digitally tracked green bond.

AML / KYC

Korean Authorities to Block, Investigate 16 Foreign Crypto Firms

21/08/2022

The unregistered foreign VASPs including KuCoin were referred for investigation and will have their websites and transactions blocked in Korea.

CBIRC Probes Banks to Assess Property Loan Exposures

21/08/2022

The “very detailed” assessment is aimed at measuring the risks to the financial system from the ongoing crisis in the property sector.