Enforcement

Korea Jails Four Individuals in Coinone Bribery Case

28/09/2023

Two former employees of Coinone were jailed for accepting bribes. Two brokers were also jailed for facilitating the bribes.

ESG / Sustainability

Malaysian Regulators Ramp Up Focus on SMEs in Green Transition

28/09/2023

Tailored guidance is being developed for SMEs on the information they should provide to FIs. A new SME focus group has also been established.

Crypto / Digital Assets

US Lawmakers Introduce Bill on Custody of Digital Assets

28/09/2023

The Uniform Treatment of Custodial Assets Act would rescind an SEC accounting bulletin that prevents banks from providing custodial services to digital assets investors.

Enforcement

Evergrande Chairman Suspected of “Illegal Crimes”

28/09/2023

Evergrande said its chairman Hui Ka Yan was placed under “residential surveillance” due to his suspected involvement in “illegal crimes”.

Enforcement

Prosecutors Charge Ex-PBOC Official for Accepting Bribes

28/09/2023

Prosecutors say Fan abused his positions at China Construction Bank, China Investment Corp, Bank of Shanghai and the PBOC.

Crypto / Digital Assets

WFE Issues Recommendations for Regulating Crypto Trading Platforms

28/09/2023

The six key principles will safeguard markets and enable the crypto sector to grow, said Nandini Sukumar, CEO of the World Federation of Exchanges.

Sanctions

OFAC Sanctions Procurement Network for Iranian Drones

28/09/2023

The new sanctions target five entities and two individuals based in Iran, China, Hong Kong, Turkey and UAE.

Fintech / Regtech

HKEX Confirms Launch Date for New IPO Settlement Platform

28/09/2023

The new platform, FINI, will shorten the time between the pricing of an IPO and the trading of shares from T+5 to T+2.

Fintech / Regtech

DBS, UOB Add Anti-Malware Feature to Banking Apps

28/09/2023

Last month, OCBC became the first Singapore bank to introduce the new security feature. Citi, DBS and UOB have now also added the feature.