Crypto / Digital Assets

Korean Police Probe Possible Embezzlement at Terraform Labs

13/06/2022

Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

AML / KYC

Japan Ministry Seeks Powers to Confiscate Crypto Assets

12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

AML / KYC

FATF Issues Report on Digital Tools for Law Enforcement

12/06/2022

The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

Securities / Derivatives

RBNZ to Start Unloading Government Bond Holdings in July

12/06/2022

The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.

Enforcement

ASIC Issues Guidance on Financial Adviser Warnings, Reprimands

12/06/2022

ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.

Capital / Liquidity

Bangladesh Bank Relaxes Capital Requirement for Padma Bank

12/06/2022

The bank will be allowed to hold liquid assets worth 3.25% of deposits, compared to a 13% requirements for other banks.

AML / KYC

OFAC Blocks Secondary Market Trading in Russian Debt, Equity

12/06/2022

To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

AML / KYC

BNM Directs Banks to Enhance Fraud Risk Controls

12/06/2022

BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.

Enforcement

US Ruling Calls Into Question Key SEC Enforcement Mechanism

12/06/2022

The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.