Enforcement

AFCA Working to Resolve Complaints from Latitude Cyber Attack

16/01/2025

AFCA has 224 open complaints over the 2023 cyber-attack at Latitude Financial Services, all of which should be resolved by 30 June 2025.

Fintech / Regtech

JSDA Amends Rules to Streamline Digital Document Delivery

16/01/2025

The proposed amendments will allow securities firms to rely on implied consent for electronic delivery of documents.

Crypto / Digital Assets

US Appeals Court Orders SEC to Explain Denial of Coinbase Petition

15/01/2025

The court said the SEC must provide a more complete explanation for its decision but did not order it to undertake a rulemaking process

AML / KYC

AEON Bank President & Risk Head Dismissed Over AML Failures

15/01/2025

The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies

Enforcement

US SEC Fines 14 More Firms for Record-keeping Violations

14/01/2025

The latest penalties were imposed on units of Robinhood, Blackstone, Apollo, KKR, Charles Schwab, Santander and others.

Capital / Liquidity

Claim Amount Quadruples in Lawsuit Over Credit Suisse AT1 Writedown

14/01/2025

An amended complaint filed in New York adds 39 plaintiffs including AllianceBernstein and a subsidiary of Japan’s Nomura Holdings

AML / KYC

Interpol Published First-ever ‘Silver Notice’ at Italy’s Request

13/01/2025

The Silver Notice seeks information from Interpol member countries on the assets belonging to a senior member of the mafia

Big Picture

Japan FSA Publishes Analysis of August 2024 Stock Crash

13/01/2025

The FSA said the crash was caused by several factors, including a thinning of the order book and a decline in algorithm-driven liquidity provision

Crypto / Digital Assets

ASIC Issues New Guidance on Crypto Asset Custody

13/12/2024

ASIC revised a regulatory guide for funds management and custodial services to address crypto asset custody.