Securities / Derivatives

FSC Korea Unveils Incentives for ‘Corporate Value-up Programme’

03/04/2024

Companies that improve their corporate governance structures may receive exemptions from Korea’s stringent auditor designation requirements.

Crypto / Digital Assets

Russia Using Tether Stablecoin to Circumvent Sanctions – Report

02/04/2024

One China-based smuggler used a Hong Kong distributor, shipments via Central Asia, and Tether for payments to fulfill Russian orders for drone parts.

Securities / Derivatives

Shanghai, Shenzhen Refine Rules for Asset-backed Securities

02/04/2024

The rules enhance the information disclosure and credit risk management requirements, and improve protections for investors.

AML / KYC

Malaysia Launches Electronic Beneficial Ownership System

02/04/2024

The system is intended to help companies comply with their obligations to identify, obtain, record, update, and submit beneficial ownership information.

Vietnam Brokerage Resumes Trading Following Week Long Outage

02/04/2024

Vietnam’s third-largest securities broker was disconnected from the market for six days due to a cyber attack by international hackers.

Capital / Liquidity

Korea FSS to Launch Inspections at Troubled Credit Cooperative

02/04/2024

This will be the first time financial regulators are brought in to inspect MG Community Credit Cooperative, which is supervised by the Ministry of the Interior and Safety.

ESG / Sustainability

Japan FSA Finalises New Impact Investment Guidelines

01/04/2024

The guidelines set out four principles for market participants to refer to when structuring and financing investment projects that have social and environmental benefits.

Enforcement

Two Ex-Sembcorp Marine Execs Charged in Singapore for Corruption Offences

01/04/2024

The two former executives face five charges over bribes paid to Brazilian officials and politicians to further the company’s business interests in the country.

Enforcement

Trafigura Agrees to Pay $126m to Settle FCPA Violations

01/04/2024

The DOJ says Trafigura bribed Brazilian officials from 2003 and 2014 to illegally obtain and retain business and reap over $61mn in profits.