Anti-Money Laundering

Taiwan FSC Fines KGI Bank Over Misappropriated Client Assets

11/05/2022

KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.

Tokenisation

ADDX, Fullerton Partner to Tokenise Private Equity Fund

11/05/2022

Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

Reporting & Disclosures

SEBI to Enhance ESG Disclosure, Assurance Requirements

11/05/2022

A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.

Market Abuse

BSEC Proposes to Strengthen Rules Against Insider Trading

10/05/2022

Listed companies will have to disclose all loan activities, contracts with related parties, and technology changes as ‘price sensitive information’.

Fraud, Scams & Cybercrime

US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud

10/05/2022

MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.

CBDCs

90pc of Central Banks Are Exploring a CBDC, BIS Finds

10/05/2022

More than a third of central banks will soon have legal authority to issue a CBDC. More than two thirds are likely to launch a retail CBDC in the short or medium term.

Cryptocurrency

MAS Grants Fifth DPT Licence Under PSA to Coinhako

10/05/2022

Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

Reporting & Disclosures

Thai Stock Exchange Publishes Sustainability Reporting Guide

10/05/2022

The guide contains ESG metrics for eight industry groups and should be used to inform listed company practices for disclosing sustainability-related information.

PEPs & Sanctions

OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses

09/05/2022

Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.