Big Picture

Old Misconduct Patterns Are Repeating in New Settings: FMSB

08/06/2022

Forms of misconduct which have been present for hundreds of years are playing out in new digital asset classes, including crypto assets and NFTs.

ESG / Sustainability

EU Lawmakers Agree Gender Diversity Directive

08/06/2022

The law will require EU listed companies to have women take up at least 40% of non-executive board seats, or 33% of all director posts, by mid-2026.

ESG / Sustainability

Temasek Launches New Climate Impact Investment Platform

08/06/2022

Temasek has committed an initial SGD 5 billion which will be invested in technology- and nature-based solutions as well as carbon ecosystem enablers.

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.