Anti-Money Laundering

SFC Fines Jinrui Futures for AML Compliance Failures

08/02/2023

Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.

Stablecoins

BIS Innovation Hub to Develop Stablecoin Monitoring Tools

08/02/2023

Project Pyxtrial will investigate technological tools that can enable systemic monitoring of stablecoins and their balance sheets.

KYC & CDD

SEBI Directs Banks to Identify Beneficial Owners of All FPI Clients

08/02/2023

FPIs will lose their registration in India if updated beneficial ownership information is not obtained by 30 September 2023.

Cryptocurrency

UK FCA Directs Crypto Firms to Prepare for New Ad Rules

08/02/2023

Breaches of the rules can result in takedowns of websites, public warnings, and other actions, including up to two years in prison.

Market Abuse

ASIC Disciplinary Panel Fines Stockbroker Over Trade Pricing

07/02/2023

Wilsons Advisory and Stockbroking reported over 2,000 trades as TWPI transactions in circumstances where the trades did not provide price improvement.

Conduct, Culture & Accountability

US SEC Expands Staff Messaging Probe to Hedge Funds

07/02/2023

The SEC has asked firms including Point72 Asset Management and Citadel to search employees’ personal devices for evidence of business dealings via unapproved channels.

Sustainable Finance

BNM Issues Consultation on New Financial Inclusion Framework

07/02/2023

BNM says the vision of the Framework is to provide a more expansive and holistic approach to elevate financial well-being in Malaysia.

Structural Regulation

Morgan Stanley Wins Approval to Fully Own China Fund Business

07/02/2023

Morgan Stanley Investment Management becomes the 7th foreign firm approved to fully own a domestic mutual fund business.

Cryptocurrency

Thailand Grants Crypto Fund Managers Greater FX Flexibility

07/02/2023

The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.