Enforcement

Taiwan FSC Fines KGI Bank Over Misappropriated Client Assets

11/05/2022

KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.

Securities / Derivatives

ADDX, Fullerton Partner to Tokenise Private Equity Fund

11/05/2022

Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

Securities / Derivatives

SEBI to Enhance ESG Disclosure, Assurance Requirements

11/05/2022

A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.

Securities / Derivatives

BSEC Proposes to Strengthen Rules Against Insider Trading

10/05/2022

Listed companies will have to disclose all loan activities, contracts with related parties, and technology changes as ‘price sensitive information’.

AML / KYC

US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud

10/05/2022

MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.

Fintech / Regtech

90pc of Central Banks Are Exploring a CBDC, BIS Finds

10/05/2022

More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

Fintech / Regtech

MAS Grants Fifth DPT Licence Under PSA to Coinhako

10/05/2022

Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

ESG / Sustainability

Thai Stock Exchange Publishes Sustainability Reporting Guide

10/05/2022

The guide contains ESG metrics for eight industry groups and should be used to inform listed company practices for disclosing sustainability-related information.

AML / KYC

OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

09/05/2022

Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.