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.

Anti-Money Laundering

US Agencies Target Cross-border Transfers in Proposed Rule Change

26/10/2020

Financial institutions will have to collect, retain, and transmit information related to any international transaction over $250, including those involving crypto assets.

Fraud, Scams & Cybercrime

Australian Police Arrest NAB Employee on Fraud Charges

25/10/2020

The former employee faces charges for conspiring to cheat and defraud and attempting to launder A$21.6mn in illicit proceeds through NAB.

PEPs & Sanctions

FATF Adopts Measures to Mitigate Proliferation Financing Risk

25/10/2020

The changes are aimed at ensuring FIs and DNFBPs do not unwittingly support or become part of proliferation financing networks or schemes.