Fraud, Scams & Cybercrime

US DOJ Charges Two for NFT Fraud, Money Laundering

01/04/2022

The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.

Fraud, Scams & Cybercrime

BSP Requires Banks to Implement Real Time Fraud Monitoring

31/03/2022

Under new relations, Philippine banks and NBFIs are required to implement automated and real-time fraud monitoring and detection systems by end-December.

Fraud, Scams & Cybercrime

Korea FSS Seeks Stronger Audit Regulations to Prevent Fraud

31/03/2022

The FSS will examine 180 companies and 17 audit firms this year, while also enhancing its audit screening exercises and strengthening punitive sanctions.

Trading & Investment

HKEX Sets Out Vision to Build ‘Marketplace of the Future’

30/03/2022

HKEX will introduce a new platform for ESG-related products, ETF connect schemes with the mainland, more yuan products, and more listing reforms.

AI Risk & Governance

Australia Consults on Regulatory Framework for Financial Advice

29/03/2022

The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.

Conduct, Culture & Accountability

ASIC Probes Fund Managers for Misleading Marketing

24/03/2022

ASIC is assessing whether fund managers made false or misleading statements or engaged in misleading or deceptive conduct when marketing their funds.

Sustainable Finance

Hainan to Launch Carbon Market in H2 This Year

23/03/2022

The establishment of the Hainan International Carbon Emissions Trading Exchange was approved by provincial officials last month.

CBDCs

BIS, Central Banks Complete Development of Multi-CBDC Prototypes

23/03/2022

The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.

Conduct, Culture & Accountability

ASIC Warns on Using ‘Influencers’ to Promote Financial Products

22/03/2022

ASIC places responsibility firmly on AFS licensees to ensure that any influencers they use and the financial-related content they present complies with the law.