Enforcement

HK ICAC Charges Four for Concealing Backdoor Listing

28/11/2021

A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.

AML / KYC

SEC Thailand Proposes Regulations to Ban Privacy Coins

28/11/2021

The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.

Securities / Derivatives

Chinese, US Authorities Working to Resolve Audit Issues

28/11/2021

CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.

Enforcement

Hong Kong FRC to Increase Public Disclosures on Investigations

28/11/2021

The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.

Enforcement

ASIC Sues ANZ Over Home Loan Introducer Programme

27/11/2021

ASIC says ANZ breached credit laws by accepting customer information and documents from unlicensed individuals, some of which was fraudulent.

Securities / Derivatives

Korea FSS Asks Brokers to Prioritise Consumer Protection

26/11/2021

The FSS is reviewing a decision to penalise nine market-makers, taking into account “self-correcting measures” by individual firms.

ACCC Approves NAB Acquisition of Citi Consumer Business

26/11/2021

In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction “would not substantially lessen competition”.

Crypto / Digital Assets

US Regulators Pledge to Provide Clarity on Crypto Next Year

26/11/2021

The Fed, OCC and FDIC plan to provide clarity on whether certain crypto-related activities conducted by banks are “legally permissible”.

Crypto / Digital Assets

FSC Korea Seeks to Criminalise Crypto Market Manipulation

26/11/2021

Those who obtain unfair profits from crypto trading would face at least one year in prison and at least three times the amount gained in fines.