Anti-Bribery & Corruption

China to Step Up Corruption Crackdown in Capital Markets

19/04/2022

So far this year, nine financial officials were expelled from the CCP, with some facing other disciplinary punishments including criminal prosecution.

Climate Risk

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Structural Regulation

Japan to Remove Quarterly Reporting Requirements

19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

Structural Regulation

China to Unify Domestic Markets to Prevent Unfair Competition

19/04/2022

China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.

Trade Based Money Laundering

APAC Banks Need to Increase Vigilance to TBML Risks

19/04/2022

Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.

PEPs & Sanctions

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

Credit Risk

Enhancements to HK Personal Loan Guarantee Scheme Take Effect

19/04/2022

The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.

PEPs & Sanctions

CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape

18/04/2022

“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.

Fraud, Scams & Cybercrime

NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case

18/04/2022

Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.