KYC & CDD

AUSTRAC Issues Guidance on Employee Due Diligence

27/03/2023

Guidance is provided on screening and re-screening employees and contractors for money laundering and terrorism financing risks.

Structural Regulation

HKEX Finalises New Listing Rules for Specialist Tech Firms

27/03/2023

HKEX has lowered the threshold for specialist tech firms to list on its exchange and made other refinements. The rules take effect from 31 March.

Liquidity Risk

US Lender PacWest Facing Lawsuit Despite Securing Lifeline

27/03/2023

Regional bank PacWest secured $1.4bn in additional liquidity via Atlas SP Partners, an investment firm launched out of Credit Suisse’s securitised-products group.

Fraud, Scams & Cybercrime

US DOJ Arrests and Charges Founder of Hacker Forum

25/03/2023

BreachForums is one of the world’s largest marketplaces for hacked and stolen data and other contraband.

PEPs & Sanctions

Credit Suisse, UBS Under US Sanctions Probe – Report

24/03/2023

Credit Suisse and UBS were included in a wave of subpoenas sent out by the DOJ before their merger agreement was announced.

Fraud, Scams & Cybercrime

UPDATED – Terraform Labs Founder Do Kwon Arrested and Charged

24/03/2023

Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek his extradition to the US.

Tokenisation

ESMA Goes Live With New DLT Pilot Regime

23/03/2023

Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from the MiFIR, MiFID II and CSDR.

Market Abuse

Australia: Ex-Tesla Director Sentenced for Insider Trading

23/03/2023

Tesla’s Australia director used confidential information to profit from buying and selling Piedmont Lithium shares on the ASX.

Sustainable Finance

WFE Publishes Framework for Designating Equities as Green

23/03/2023

WFE members created a global framework for defining green equities, which will enable sustainability-focused investors to make more informed decisions.