Market Abuse

SEBI Punishes 135 Entities Over Stock Manipulation Scheme

21/06/2023

SEBI fined 135 entities and barred them from accessing the securities market over a stock manipulation scheme.

Conduct, Culture & Accountability

Korea FTC Investigates Securities Firms for Price Fixing

21/06/2023

The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.

Anti-Money Laundering

EBA Calls Out Ineffective AML Risk Management in Payments Sector

21/06/2023

The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.

Reporting & Disclosures

New Zealand FSC Publishes New Guidance on Climate Disclosures

21/06/2023

The new FSC guidance is designed to help fund managers and insurers to better understand and assess climate-related risks and prepare for mandatory climate reporting.

Fraud, Scams & Cybercrime

HKMA Directs Banks to Enhance Protections for Payment Card Customers

21/06/2023

Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.

Payments & Settlements

RBNZ Considers Expanding Access to Settlement Accounts

19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Supervision & Enforcement

APRA Fines OnePath Custodians for Breaching Superannuation Law

19/06/2023

OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.

Fraud, Scams & Cybercrime

US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

19/06/2023

Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.

Cryptocurrency

NYAG Penalises CoinEx $1.8m for Failure to Register

19/06/2023

CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.