Anti-Bribery & Corruption

Ex-Sembcorp Marine Exec Charged in Singapore for Corruption Offences

17/08/2023

The former executive obtained or attempted to obtain bribes totalling more than SGD 202,000 over six years, the CPIB said.

Cryptocurrency

Euronext Amsterdam Lists Europe’s First Spot Bitcoin ETF

16/08/2023

The ETF is managed by Jacobi Asset Management and uses the FT Wilshire Bitcoin Blended Price Index as its reference.

Market Abuse

Korea to Crack Down on Financial Crime Involving Capital Markets

16/08/2023

The FSS and National Office of Investigation have signed an MoU to strengthen cooperation on illegal activities in the capital market.

PEPs & Sanctions

US Sanctions Three Entities Tied to Russia-DPRK Arms Deals

16/08/2023

The three entities are owned or controlled by a Slovakian arms dealer who was sanctioned by the US in March.

Trading & Investment

Wealth Connect Hindered by ‘Narrow Range of Products’

16/08/2023

Market participants are looking for regulators to extend the Wealth Management Connect scheme to more products and well as widen its sales channels.

AI Risk & Governance

Taiwan FSC Consults on AI Use Principles for Financial Industry

16/08/2023

The six core principles cover governance, fairness, privacy, security, transparency and sustainable development.

Conduct, Culture & Accountability

Hong Kong IA Bans Ex-StanChart Agent for Six Months

16/08/2023

The agent doctored a DDA form because the client’s signature was missing on one page. The SFC previously disciplined the same individual.

Data Privacy

HKMA Asks Banks to Participate in New Data Sharing Initiative

15/08/2023

The Interbank Account Data Sharing Initiative will enable banks to share bank account data with other banks, subject to customer consent.

PEPs & Sanctions

Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch

15/08/2023

Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.