Enforcement

Australian Man Pleads Guilty to Pump and Dump Scheme

08/06/2022

The man, Gabriel Govinda, will be the first to be convicted in Australia over a social media pump-and-dump scheme.

AML / KYC

DOJ Calls for Stronger International Cooperation on Crypto Crime

08/06/2022

The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

ESG / Sustainability

GFANZ Launches APAC Network to Accelerate Move to Net Zero

08/06/2022

GFANZ has opened a new regional headquarters in Singapore, with support from SGX, Temasek and MAS.

Crypto / Digital Assets

Investment Scams On the Rise in Australia: ACCC

08/06/2022

Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

China Banks Urge Regulators to Relax Document Stamping Rules

08/06/2022

Banks are being forced to halt loan and foreign exchange services for some businesses due to document stamping requirements.

Crypto / Digital Assets

BIS Paper Explains Why Crypto Cannot Function as Money

08/06/2022

Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.

AML / KYC

GCFFC Forms New Technology Experts Working Group

08/06/2022

The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.

Capital / Liquidity

New Capital Rules May Force Philippine Rural Banks to Close

08/06/2022

RBAP president Albert Concha says higher capital requirements proposed by BSP will cause rural bank closures and stunt financial inclusion initiatives.

Fintech / Regtech

OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA

08/06/2022

The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.