AML / KYC

Hong Kong: Nine Arrested for Laundering HK$900 Million

15/04/2021

Part of the laundered funds came from 55 victims of investment frauds and romance scams, police say.

Fintech / Regtech

FSC Korea to Create Policy on Use of AI in Financial Services

14/04/2021

The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.

Mizuho Head to Turn Down JBA Chairmanship – Report

14/04/2021

Mizuho Financial Group president and group CEO Tatsufumi Sakai was due to take over as JBA chairman on 1 April.

AML / KYC

HSBC Agrees to Share Documents in Meng Extradition Case

14/04/2021

A Hong Kong judge has approved an agreement between Huawei and HSBC that includes document sharing by the bank, with some redactions.

AML / KYC

Thailand to Require UBO Transparency in Bond Markets

14/04/2021

Non-residents who invest in debt securities in Thailand are required to open Segregated Securities Accounts with custodians at the UBO level.

Securities / Derivatives

FSB Issues Guidance on Implementing SFT Data Standards

13/04/2021

The FSB has published FAQs to help national authorities implement the SFT Data Standards to facilitate global collection and aggregation of SFT data.

Enforcement

SEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds

13/04/2021

SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.

Enforcement

Australian Charged With Insider Trading Over Diamond Discovery

13/04/2021

The man traded while in possession of inside information relating to a diamond discovery by Lonrho Mining in Africa in 2012.

Enforcement

Singapore: Former Banker Admits to Cheating Seven People

12/04/2021

Han Delong worked for UOB between August 2014 and December 2015, and for OCBC between March 2016 to January 2017.