Enforcement

ASIC Warns Against “Unscrupulous” Cold Calling Conduct

08/05/2024

ASIC is concerned about the use of high-pressure sales tactics to induce inappropriate superannuation switching.

Fintech / Regtech

HKMA Forms New Architecture Community for Project Ensemble

08/05/2024

The Community will develop standards to support interoperability among wCBDC, tokenised money and tokenised assets.

Enforcement

BNM Publishes Document Detailing its Enforcement Approach

07/05/2024

BNM says increased transparency should “foster confidence” in its role as a regulator and supervisor.

AML / KYC

Australia to Allocate A$166m Towards AML/CTF Reforms

07/05/2024

The budget allocation will enable AUSTRAC to implement reforms to extend the AML/CFT regime to “Tranche 2” entities.

Fintech / Regtech

Hong Kong, Shenzhen Pilot Cross-Border Data Platform

07/05/2024

Pilot trials will test the validation of credit referencing reports and account opening documents for corporate customers.

Enforcement

Korea FSS Set to Issue Interim Findings from Short Selling Probe

05/05/2024

Ten global investment banks including Nomura and Credit Suisse are expected to face fines totalling more than $73.7mn.

Fintech / Regtech

US CFTC Appoints First-Ever Chief AI Officer

03/05/2024

The role will involve leading the development of the CFTC’s enterprise data and AI strategy and advancing its data-driven capabilities.

Enforcement

SFC Starts Insider Dealing Prosecution Against Hedge Fund

03/05/2024

The SFC is prosecuting Segantii Capital Management, its founder Simon Sadler, and former trader Daniel La Rocca for insider dealing.

Market Infrastructure

Australia Publishes Details on Reforms to Foreign Investment Regime

03/05/2024

Greater scrutiny will apply to foreign investments in sensitive sectors. Passive investors with a strong track record would receive less scrutiny.