Enforcement

Enforcement

Korea FSS to Probe Illegal Short-selling by Foreign Investment Banks

By Manesh Samtani | 31/10/2023

A special team will launch next week to investigate whether more global investment banks engaged in illegal short-selling, and whether local securities firms helped them.

Enforcement

Bank of England and FCA Consider Avoiding Regulatory Definition for AI

By Editors | 31/10/2023

Following industry feedback on the role of AI in finance, UK regulators to address wide ranging concerns including data regulation.

Uncategorised

MAS Unveils Proposals to Tackle Mobile Malware and AI Threats

By Editors | 31/10/2023

As financial institutions increasingly turn to GenAI to refine their operations, the  CSAP underscored the urgency of strengthening cyber defences.

Enforcement

Taiwan FSC Fines SinoPac Group for Governance Failures

By Sanday Chongo Kabange | 28/10/2023

The company held two non-routine strategic planning meetings with its major shareholder and former chairman, without keeping meeting records.

AML / KYC

UK Ushers in New Laws to Fight Fraud and Financial Crime

By Sanday Chongo Kabange | 27/10/2023

The Economic Crime and Corporate Transparency Act received royal assent. The law enables crypto seizures and introduces a ‘failure to prevent fraud’ offence.

Crypto / Digital Assets

UK FCA Identifies Three Common Issues with Crypto Marketing

By Sanday Chongo Kabange | 26/10/2023

The FCA expects firms authorised to approve financial promotions of cryptoasset firms to take their regulatory obligations seriously.

AML / KYC

AFP Arrests Seven Over $228m Money Laundering Scheme

By Editors | 26/10/2023

The seven are being charged under the “most complex AFP-led money-laundering investigation in the nation’s history”.

Enforcement

India Proposes Incentives for Reporting of Cartel Conduct

By Ajoy K Das | 26/10/2023

The amendments aim to incentivise cartels under investigation to provide information on other cartels.

Enforcement

Philippines: Immigration Officer Jailed for Falsifying Wirecard COO Travel Records

By Mark Johnston | 25/10/2023

The immigration officer was sentenced to nine years in prison for tampering with travel records for Jan Marsalek, who is wanted by INTERPOL.