Cybersecurity

SEC Thailand Proposes Stricter IT Security Rules for Capital Market

11/05/2022

The revised rules apply to securities and derivatives businesses, digital asset operators, clearinghouses, depositories, exchanges, digital token platforms, and crowdfunding platforms.

Anti-Money Laundering

Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports

11/05/2022

In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.

Payments & Settlements

Bangladesh Bank Opens RTGS to NBFI Participation

11/05/2022

Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.

Anti-Money Laundering

Taiwan FSC Fines KGI Bank Over Misappropriated Client Assets

11/05/2022

KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.

Tokenisation

ADDX, Fullerton Partner to Tokenise Private Equity Fund

11/05/2022

Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

Reporting & Disclosures

SEBI to Enhance ESG Disclosure, Assurance Requirements

11/05/2022

A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.

Market Abuse

BSEC Proposes to Strengthen Rules Against Insider Trading

10/05/2022

Listed companies will have to disclose all loan activities, contracts with related parties, and technology changes as ‘price sensitive information’.

Fraud, Scams & Cybercrime

US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud

10/05/2022

MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.

CBDCs

90pc of Central Banks Are Exploring a CBDC, BIS Finds

10/05/2022

More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.