AML / KYC

US Authorities Accused of Ignoring Evidence Against StanChart

06/06/2024

A whistleblower says US officials falsely denied that he had provided useful information in order to have his claim for a whistleblower reward dismissed.

Securities / Derivatives

China Considers Market Data Restrictions for Quant Funds

06/06/2024

The move is reportedly intended to “blindfold” quant funds to make the market fairer and create a level playground for retail investors.

US to Establish Registry of Law-Breaking Nonbank Financial Firms

06/06/2024

The registry will help authorities monitor and track repeat offenders in order to better hold them accountable if they break the law again.

AML / KYC

US Authorities Arrest Epoch Times CFO for Money Laundering

06/06/2024

The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

Securities / Derivatives

FSC Korea Proposes to Revise Rules for Treasury Shares

05/06/2024

The changes will prevent misuse of the treasury stock system and provide better protections for general shareholders of listed companies.

Fintech / Regtech

Hackers Put Stolen Santander Data Up for Sale – Reports

05/06/2024

The hacking group reportedly stole 30 million customers’ bank account details and 28 million credit card numbers, among other information.

ESG / Sustainability

Australia Launches Inaugural Sovereign Green Bond

05/06/2024

The 10-year bonds, oversubscribed by more than 300 percent, will “deliver significant environmental benefits”.

Crypto / Digital Assets

Cboe Australia Commences Trading in New Bitcoin ETF

05/06/2024

The new ETF, launched by Monochrome Asset Management, is the first in Australia to hold crypto assets directly.

Securities / Derivatives

Korea: FSS Warns Against New Tax on Investment Income

05/06/2024

FSS governor said the financial investment income tax will disincentivise long-term investment and lead to outflows from Korea.