Enforcement

Australia Jails Lawyer for 12 Years in Tax Fraud Case

22/03/2023

The lawyer allowed proceeds of crime to be received and transferred out of his legal practice’s trust account.

Korea Launches New Loan Facility for Vulnerable Borrowers

22/03/2023

The FSC said the new loan facility is being introduced to protect borrowers from illegal private finance and predatory lending.

AML / KYC

Philippine Agencies Sign Data Sharing Deal on Beneficial Ownership

22/03/2023

The agreement will allow the SEC to give competent authorities timely access to beneficial ownership information, in line with the FATF recommendations.

Securities / Derivatives

Malaysia Launches Corporate Venture Capital Programme

22/03/2023

The programme seeks to promote corporate venturing as a potential enabling or innovation strategy to catalyse growth.

Market Infrastructure

China Plans to Allow Foreign FIs to List Domestically

22/03/2023

Foreign-funded institutions have become an “indispensable part” of the domestic financial system, said top official Lou Jiwei.

Enforcement

CFTC Revokes Registrations of Allianz Global Investors

22/03/2023

The CFTC’s order was issued to “protect the derivatives markets and market participants” after three portfolio managers made fraudulent representations to investors for several years.

Capital / Liquidity

FDIC Running Two Separate Auctions for SVB Assets This Week

22/03/2023

SVB and its private bank may be sold separately. First Citizens BancShares, Apollo Global Management, and a group of VC firms are considering bids.

Crypto / Digital Assets

Crypto Firms Looking to Set Up in Hong Kong: Christopher Hui

22/03/2023

Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.

Crypto / Digital Assets

Korean Prosecutors Probe “Illegal” Crypto Token Listings

22/03/2023

A Bithumb executive, former Coinone employee, and other crypto exchanges are said to have illegally listed crypto tokens on their platforms.