AML / KYC

AFP Charges Australian Man in Money Mule Recruitment Case

15/02/2021

The man is accused of recruiting individuals to unwittingly serve as money mules to launder the proceeds of crime in return for a commission.

Enforcement

CBIRC Punishes Staff for Violating Personal Investment Rules

15/02/2021

The regulator found that 429 individuals engaged in prohibited financial activity involving CNY 160 million and has taken action in 106 cases so far.

AML / KYC

RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions

15/02/2021

Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.

Enforcement

ASIC Outlines Approach to Regulating Superannuation Trustees

14/02/2021

ASIC’s Jane Eccleston says trustees of non-public offer funds need to apply for an AFS licence or vary their existing licences by 30 April 2021.

AML / KYC

Australian Court Jails Car Wash Owner for Money Laundering

14/02/2021

The man used express cash deposit facilities at Perth bank branches to help launder more than A$5.6mn for an alleged criminal syndicate.

ESG / Sustainability

IIF Offers Recommendations on Aligning Climate Finance Regulation

13/02/2021

The recommendations are aimed at promoting consensus and international alignment in sustainable finance policy and regulation.

Enforcement

China Instructs Deloitte to Investigate Alleged Auditing Violations

13/02/2021

Auditing violations alleged by a whistleblower include improper conduct by certain Deloitte staff members in performing the audits of five companies in 2016 and 2017.

Enforcement

CSRC Strengthens Industry Controls to Prevent Insider Trading

13/02/2021

Listed companies are required to establish a system for the registration and management of individuals who possess inside information.

AML / KYC

GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI

12/02/2021

The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.