AML / KYC

AUSTRAC Launches Federal Court Proceedings Against Crown Casinos

01/03/2022

Crown Melbourne and Crown Perth failed to assess ML/TF risk, carry out appropriate due diligence on customers, and establish a transaction monitoring programme.

Enforcement

HK ICAC Charges Bank Employee and Two Others for Bribery

28/02/2022

A relationship manager and two representatives of secretarial services companies allegedly offered and accepted bribes to help non-domestic clients open accounts with three Hong Kong banks.

AML / KYC

Taiwan Police, FIs to Establish Anti-Fraud Information Sharing Platform

28/02/2022

The National Police Agency and financial institutions will jointly establish a new platform that will allow real-time information exchange for use in combatting fraud.

Enforcement

CSRC Asks Morgan Stanley to Provide Information on US Probe

28/02/2022

The CSRC has reportedly given Morgan Stanley 30 days to provide details about its role in a US investigation into its block trading practices.

AML / KYC

BitConnect Founder Indicted for Running Crypto Ponzi Scheme

28/02/2022

BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.

Market Infrastructure

ISDA Publishes Documentation to Align Derivatives, SFT Markets

28/02/2022

The new definitional booklet and related set of provisions will enable allow firms to document derivatives and securities financing transactions under a single ISDA Master Agreement.

Securities / Derivatives

US SEC Proposes New Rule to Increase Short Selling Transparency

28/02/2022

Institutional investment managers will have to report information relating to short positions to the SEC on a monthly basis. The data will be aggregated and made available to the public.

Fintech / Regtech

JPX Acquires Stake in Mitsui-Backed Crypto Exchange

28/02/2022

JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.

AML / KYC

BitMEX Founders Agree Settlement for US AML Violations

28/02/2022

Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.