Enforcement

ASIC Issues Interim Stop Orders on Three BT Funds

16/03/2023

ASIC said the TMDs for three funds were “broadly drafted and failed to define key concepts” and did not meet the “appropriateness requirements” under the DDO regime.

ESG / Sustainability

Thailand to Allow SMEs Issue Sustainability-Themed Bonds

16/03/2023

Regulatory amendments will enable small “businesses of all types and sizes” to offer sustainability-themed bonds.

AML / KYC

China Fines Bohai Bank for Third Time This Year

16/03/2023

The PBOC fined China Bohai Bank for committing 12 regulatory violations. The bank was fined twice last month for different violations.

Fintech / Regtech

More TSE Companies Disclosing Earnings Reports in HTML Format

16/03/2023

Over 2,400 companies listed on the Tokyo bourse have voluntarily disclosed their earnings reports in HTML format.

Enforcement

Swedbank Fined for IT Incident Which Impacted 1m Customers

16/03/2023

Swedbank made a change to a business-critical IT system without following its internal procedures and processes.

Enforcement

US Charges Exiled Chinese Businessman with $1b Fraud Scheme

16/03/2023

Guo Wengui and his financial adviser allegedly cheated thousands of investors since 2018 by promising outsized returns on various offerings.

Fintech / Regtech

US Announces July Launch Date for FedNow Service

16/03/2023

The Federal Reserve said it will begin the formal certification of participants for launch of the FedNow Service in the first week of April.

Securities / Derivatives

HKEX Confirms Plans to Launch RMB Counter of its Stock

16/03/2023

HKEX said the launch of RMB counter will allow investors to seamlessly interchange between securities listed in both HKD and RMB.

AML / KYC

US, German Authorities Coordinate on Takedown of Crypto Mixer

16/03/2023

Authorities dismantled ChipMixer’s infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.