AML / KYC

US DOJ Secures Guilty Plea from Crypto Exec for AML Failures

11/07/2024

Paxful co-founder Artur Schaback pleaded guilty for willfully failing to establish, develop, implement, and maintain an effective AML programme.

Enforcement

Japan SESC Probing MUFG Employee for Insider Trading

10/07/2024

The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

Securities / Derivatives

JSDA Seeks to Add Protection Clauses to Corporate Bonds

10/07/2024

JSDA will reportedly encourage the use of change of control clauses and reporting covenants in corporate bonds with lower ratings.

Securities / Derivatives

CSRC Proposes Reporting Requirements for Private Funds

10/07/2024

The rules clarify the obligations of private fund managers to disclose information to investors and regulators when major risks are discovered.

Securities / Derivatives

Korea Approves New Disclosure Rule for Insider Transactions

10/07/2024

Listed companies will be required to disclose insider transactions 30 days prior to their planned transaction dates, starting from 24 July.

Sanctions

Switzerland Expands Sanctions Against Russia

10/07/2024

The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.

AML / KYC

Singapore to Develop Standards for SoW Checks by Banks

10/07/2024

MAS has reportedly formed a group that will work to develop standards for account opening and source of wealth checks by year-end.

Securities / Derivatives

GFEX Unveils Plans to Introduce Platinum, Palladium Futures

10/07/2024

Guangzhou Futures Exchange’s new contracts will provide mechanisms for price discovery and hedging for platinum and palladium.

Market Infrastructure

BCBS Consults on Principles for Managing Third-Party Risk

10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.