Capital / Liquidity

FSC Korea Directs Banks to Strengthen Capital, Risk Management

11/05/2022

Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.

Crypto / Digital Assets

SEC Thailand Proposes Stricter IT Security Rules for Capital Market

11/05/2022

The revised rules apply to securities and derivatives businesses, digital asset operators, clearinghouses, depositories, exchanges, digital token platforms, and crowdfunding platforms.

AML / KYC

Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports

11/05/2022

In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.

AML / KYC

Bangladesh Bank Opens RTGS to NBFI Participation

11/05/2022

Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.

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.