Fintech / Regtech

JPXI to Launch New Trading Analysis Data Service

27/03/2024

The new service will provide four types of data on a daily basis to enable trading participants to analyse their own transactions.

Crypto / Digital Assets

US Authorities Announce Charges Against Crypto Exchange KuCoin

27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

Securities / Derivatives

StanChart Inaugurates Investment Banking Unit in China

26/03/2024

Standard Chartered applied for the licence in 2021 and was granted approval to commence operations in December last year.

Sanctions

OFAC Unveils More Sanctions Over Iran Commodity Shipments

26/03/2024

The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.

Enforcement

China’s Largest Brokerage Under Scrutiny for IPO Sponsor Role

26/03/2024

Citic Securities did not “directly reply” to a query from the SZSE  on whether an IPO applicant it was sponsoring had overly concentrated shareholdings among a few individuals.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

AML / KYC

Bring Environmental Crime Back into Policy Spotlight: World Bank

26/03/2024

World Bank blog post calls for increased coordination between money-laundering prevention and environmental protection agencies.

ESG / Sustainability

Hong Kong Reinforces Commitment to ISSB-aligned Sustainability Disclosures

26/03/2024

The HKICPA will lead the work to develop local sustainability reporting standards along with complementary application and implementation guidance.

Fintech / Regtech

Malaysia SC Enhances PLC Surveillance With AI Technology

26/03/2024

An internally developed AI-powered tool called ‘PLC360’ can predict the likelihood of misconduct and identify emerging trends and supervisory concerns.