Market Abuse

Two JPM Traders Convicted on Spoofing Charges

15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

Cybersecurity

Malaysia Reassures Public After Data Breach at Payments Firm

15/08/2022

The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

Structural Regulation

Five Chinese Heavyweights to Delist from US Exchanges

15/08/2022

The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.

Cryptocurrency

Philippines: BSP to Suspend VASP Licensing for Three Years

15/08/2022

Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

Anti-Money Laundering

INTERPOL Launches Global Money Mule Awareness Campaign

15/08/2022

The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

Fraud, Scams & Cybercrime

China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

14/08/2022

Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.

KYC & CDD

Taiwan FSC Again Fines HK Firm for Faulty Beneficiary Disclosure

14/08/2022

Hong Kong-based Capital Target was fined last May and ordered to reduce its shareholdings in a Taiwanese financial conglomerate.

Trading & Investment

SEBI Amends Due Diligence Guidelines for Debenture Trustees

14/08/2022

The enhanced guidelines cover empanelment of external agencies for due diligence, conflicts of interest policy, and allow the creation of additional security post NCD listing.

Reporting & Disclosures

Thai SEC to Develop Guidance on Human Rights Due Diligence

14/08/2022

The guideline is being developed with Chulalongkorn University to help listed entities adopt concrete human rights due diligence practices in line with the UNGPs.