Structural Regulation

FSC Korea Designates KFTC to Manage P2P Financing Data

26/10/2020

The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.

Trading & Investment

CSRC Green-lights Launch of International Copper Futures Contract

26/10/2020

The new copper futures contract will be traded on Shanghai’s International Energy Exchange, and accessible to foreign investors looking to hedge their exposures in China.

Fraud, Scams & Cybercrime

Hong Kong ICAC Charges Two Former AIA Agents With Fraud

25/10/2020

A former district manager and former insurance agent each face one count of fraud in separate cases for submitting false income proof statements.

Data Privacy

Philippine Privacy Watchdog Warns Against Misusing Borrower Data

23/10/2020

Some online lenders are using illegally obtained personal data to shame or harass borrowers when they failed to meet their obligations.

Fraud, Scams & Cybercrime

ICAC Charges Two With Conspiracy To Defraud Lender

22/10/2020

The two falsely represented that 14 loan applications were referred to induce the licensed lender to pay about HKD 600,000 in referral fees.

Conduct, Culture & Accountability

Sydney Court Orders SocGen Securities to Pay A$30,000 Penalty

22/10/2020

SocGen pleaded guilty in July for failing to pay client money into segregated authorised bank accounts and for making payments out of a client money account that were not permitted.

Cloud & Infrastructure

India’s Gift City Regulator Introduces Regulatory Sandbox Framework

22/10/2020

All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.

Conduct, Culture & Accountability

Malaysia SRO Reprimands Two Unit Trust Consultants for Misconduct

22/10/2020

The two consultants allegedly schemed a plot to market, distribute and sell unit trust funds while they served as registered consultants of different entities.

Conduct, Culture & Accountability

Woori to Dismiss 19 Employees Following Unfair Recruitment Probe

21/10/2020

The Supreme Court ruled that 27 of Woori’s employees were involved in unfair hiring practices, 19 of which still work for the bank.