AML / KYC

AUSTRAC Accepts Enforceable Undertaking from Sportsbet

30/05/2024

The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.

Enforcement

HK Jury Convicts Three in Landmark Manipulation Case

30/05/2024

This was the first time an offence under the SFO has been tried at Hong Kong’s Court of First Instance.

AML / KYC

ASIC to Launch New Professional Registers Search in June

30/05/2024

The platform will allow users to search for a licence or registration across multiple registers with a single search.

ESG / Sustainability

HKMA Launches Beta Platform for Physical Risk Assessments

30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Enforcement

Former NZ CEO Fined Over Anonymous Online Posts

29/05/2024

The former CEO made false and misleading representations online purportedly to manipulate NZX-listed New Talisman Gold Mines.

Enforcement

SFC Suspends Former RO for 4 Years Over 2019 Share Placement

29/05/2024

The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

Market Infrastructure

SFC Issues New Guidance on Offering HK Funds in ADGM

28/05/2024

The guide explains how Hong Kong funds can be offered in the Abu Dhabi Global Market via the UAE fund passporting regime.

Enforcement

SFC Bars Ex-Licensee Over Unlicensed Activity

28/05/2024

The SFC has barred Cheung Wing Hung for 18 months due to a criminal conviction for carrying out unlicensed activities.

Enforcement

APRA Imposes Additional Licence Conditions on Mercer Super

28/05/2024

APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.