Enforcement

US PCAOB Revokes Registration of China-based Accounting Firm

13/11/2024

The Shenzhen-based CPA firm was censured and had its registration revoked over reporting failures and failure to cooperate with an investigation.

Sanctions

Russia, Iran Implement First Phase of Payment System Linkage

13/11/2024

Travellers from Iran can now use riyal balances on their Shetab debit cards at ATMs in Russia to withdraw rubles.

Crypto / Digital Assets

China Launches e-CNY ‘Hard Wallet’, Resembling Convential Credit Card

12/11/2024

The PBOC hopes the card, aimed at seniors, students, and foreign visitors in China, will expand accessibility to and adoption of the e-CNY.

AML / KYC

Vietnam: SBV to Establish New Anti-Money Laundering Department

12/11/2024

The new department is part of amendments to the functions, missions, authority and organisational structure of the State Bank of Vietnam.

AML / KYC

Asian FinTech Associations Sign MoU on Anti-fraud Collaboration

12/11/2024

14 Asian FinTech associations signed an MoU last week at an event hosted in Taiwan to enhance collaborations in anti-fraud.

AML / KYC

Korea Introducing New Disclosure Rules to Prevent Embezzlement

12/11/2024

Listed companies and large unlisted companies will have to make annual disclosures on the control measures they use to prevent and detect misappropriation of funds.

Enforcement

Citi, Barclays Facing Penalties in Korea for Illegal Short Selling

12/11/2024

According to local reports, the penalties could reach $14.3mn for Citi and $50mn for Barclays, breaking previous records.

Enforcement

Nomura Asked to Probe Attempted Murder Case Involving Ex-Employee

12/11/2024

The FSA has asked Nomura to review the incident and analyse its root cause and background, and come up with solutions.

Enforcement

Australia: Parliamentary Inquiry Into Big Four Audit Firms Concludes

12/11/2024

The inquiry identified recommendations to enhance governance, transparency, and accountability within the big four firms.