Chinese Regulators to Enhance Consumer Rights Protection

29/06/2024

The NFRA will  establish a mechanism with the PBOC and CSRC to coordinate the work of financial consumer rights protection.

AML / KYC

SEBI Seeking to Ease Access to Sovereign Bonds for FPIs

28/06/2024

SEBI is looking to eliminate many of its information requirements, such as disclosure of investor group and beneficial ownership.

Enforcement

Federal Court Orders Ferratum Australia to Pay A$16m

28/06/2024

The Court found that Ferratum’s non-compliance arose from its Finland-based parent company’s lack of attention to Australian regulatory requirements

Securities / Derivatives

SEBI Raises Threshold Limit for Basic Demat Accounts

28/06/2024

The higher threshold is aimed at encouraging small investors to trade in the stock market and ensure their financial inclusion.

Switzerland, US to Strengthen Information Exchange Under FATCA

28/06/2024

The US will receive tax information from Switzerland automatically, and Switzerland will also be able to receive information from the US.

Sanctions

Canada Issues New Sanctions Over Settler Violence in West Bank

28/06/2024

Seven individuals and five entities were sanctioned for facilitating acts of violence by Israeli extremist settlers against Palestinians.

AML / KYC

Taiwanese Singer Facing Prosecution Over JPEX Crypto Fraud

28/06/2024

Popular Taiwanese singer Nine Chen reportedly received 320,000 USDT to act as JPEX’s brand ambassador last year.

Crypto / Digital Assets

Thailand SEC to Relax Outsourcing Rules for ICO Portals

28/06/2024

The SEC is consulting on amendments that would allow ICO portals to outsource additional business operations beyond what is currently permitted.

HKMA, IA Identify Issues With Premium Financing Practices

27/06/2024

A joint inspection exercise was conducted to assess compliance with new standards for premium financing that were implemented on 1 January 2023