Enforcement

S. Korean Prosecutors Seek Arrest of Samsung Execs for Illegal Trading

07/06/2020

Samsung’s de facto head, Lee Jae-yong, and two of his senior lieutenants could face charges of illegal trading and stock price manipulation, among other charges.

AML / KYC

US Seeks Extradition of Money Launderer Jailed in S. Korea

07/06/2020

A civil forfeiture complaint alleges that Kenneth Zong, a US citizen held in Korea, conspired with Iranian nationals in 2011 to launder $1bn through the UAE and other countries.

AML / KYC

Addressing Heightened KYC Risk with Data and Automation

07/06/2020

Managing KYC risk assessment in a sea of increasingly complex data sets calls for smart automated solutions to manage alerts.

Fintech / Regtech

Thailand to Launch Digital Platform for Capital Markets Licensing

05/06/2020

The ‘Prof Link’ platform will include licence information for over 80,000 capital markets professionals, incorporating professional development and training.

ESG / Sustainability

KRX to Waive Fees for Issuers of ESG Bonds – Report

04/06/2020

KRX will also launch a centralised platform where investors can obtain the investment information and disclosures of each bond, as it seeks to bolster ESG bond markets.

Fintech / Regtech

JPX, JASDEC Select Use Cases to Test in DLT Project

04/06/2020

DLT will be tested to share fund, SSI, and corporate information; enhance compatibility among fund distribution networks; share stock borrowing and lending information.

Enforcement

CBIRC Issues Rules for Banks on Handling of Criminal Cases

04/06/2020

The CBIRC has set out banks and insurers’ obligations when handling criminal cases that arise, including duties to investigate, issue reports, determine accountability and hand out punishments.

HKMA Initiative to Nurture Young Talent for Banking Industry

04/06/2020

The HKMA will sponsor up to half of the salaries of the fresh graduates employed by firms that participate in the Banking Talent Programme.

AML / KYC

Philippine Lawmakers Approve Strict New Anti-Terrorism Law

04/06/2020

Wiretaps and arrests can be carried out without a warrant. Bank records can be inspected without a court order. Life imprisonment without parole can be imposed for facilitating terrorist acts.