AML / KYC

NZ Real Estate Agent Reprimanded for AML Non-Compliance

01/03/2021

Property Brokers Limited is required to take immediate action to rectify all areas of non-compliance and will continue to be closely monitored by DIA officials.

Crypto / Digital Assets

Etrading Software Becomes Registration Authority for DTIs

01/03/2021

The UK-headquartered technology provider has been nominated to become the registration authority for the new ISO standard for Digital Token Identifiers.

Securities / Derivatives

RBI Eases Foreign Investor Access to Defaulted Bonds

01/03/2021

The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.

Crypto / Digital Assets

Thailand SEC to Enhance Protections for Digital Asset Investors

01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

AML / KYC

Malaysia Secures Settlement from AmBank to Resolve 1MDB Claims

01/03/2021

AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.

Sanctions

NYSE Announces Decision to Delist Chinese Oil Major CNOOC

01/03/2021

The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.

Crypto / Digital Assets

IOSCO Publishes Work Programme for 2021-2022

28/02/2021

New priorities will be to address the risks of NBFI activities and risks exacerbated by the Covid-19 pandemic such as misconduct, fraud and operational resilience.

Enforcement

FSC Korea Fines Ten Foreign Firms for Short Selling Violations

28/02/2021

The FSC did not name the firms that were penalised, but said the highest fine was KRW 180 million against a firm that committed four violations.

Enforcement

CSRC Issues Warning Letters to Audit, Asset Appraisal Firms

28/02/2021

Warning letters have been issued to 8 audit firms, 28 certified public accountants, 6 assessment agencies, 27 asset appraisers and 6 practitioners.