Fraud, Scams & Cybercrime

SC Malaysia Establishes Task Force to Combat Financial Scams

27/10/2020

SC chairman Datuk Syed Zaid Albar SAID Malaysian nationals lost $220mn to financial scams in the first six months of this year.

Structural Regulation

MAS Seeks Removal of REIT Manager for SFA Breaches

27/10/2020

Eagle Hospitality REIT Management breached the minimum base capital and financial resources requirements under the SFA three times in the span of about a year.

Anti-Money Laundering

PBOC Issues Draft AML Rules for Beijing Real Estate Sector

27/10/2020

The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.

Market Abuse

Singapore: Ex-Fund Manager Charged for Acts Likely to Defraud Investors

27/10/2020

The former fund manager allegedly sold bonds at lower-than-market prices from one fund he managed to another fund, knowing there were higher offers for the same bonds.

Trading & Investment

FSS Bans Unlicensed Investment Advice on Online Chatrooms

27/10/2020

Unlicensed advisers are barred from giving one-on-one investment advice to clients, but chat rooms have been serving as platforms for illegal consulting.

Anti-Money Laundering

China Issues AML/CTF Guidelines for Microfinance Institutions

27/10/2020

The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.

Conduct, Culture & Accountability

ASIC Deputy Chair Crennan Resigns Amid Expense Probe

27/10/2020

The probe relates to almost A$200,000 in payments that were made on behalf of Chairman James Shipton and to Deputy Chair Daniel Crennan that may have exceeded official limits.

Trading & Investment

Taiwan Stock Exchange Launches Intraday Odd-lot Trading

26/10/2020

The introduction of odd-lot trading during regular hours is aimed at making high-value stocks more affordable for individual investors and at helping to boost turnover.

Trading & Investment

China to Issue Additional Quotas for Outbound Investment via QDII

26/10/2020

The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.