ENFORCEMENT

Enforcement

Taiwan to Raise Penalties for Violations by Securities Firms

By Editors | 18/01/2022

The FSC is also lowering the threshold that triggers substantial shareholding declarations to promote greater transparency.

AML / KYC

US Issues Sanctions Over DPRK Ballistic Missile Launches

By Editors | 18/01/2022

The sanctions target six North Koreans, one Russian and a Russian firm were responsible for procuring goods for North Korean weapons programmes.

Enforcement

IOSCO Proposes Measures to Address Risks from Online Marketing

By Manesh Samtani | 18/01/2022

IOSCO proposes policy and enforcement measures to address risks in online marketing and distribution of financial products to retail investors.

Enforcement

PBOC Fines BEA China Unit Over Data Collection Violation

By Editors | 17/01/2022

Reports say other fines may be made public in the near future for violations of new rules that prohibit the over-collection and misuse of credit information.

AML / KYC

HKMA Fines Prepaid Card Issuer 33FS for AML/CTF Deficiencies

By Editors | 17/01/2022

The case involved control deficiencies in respect of 33 Financial Services Limited’s transaction monitoring and name screening systems, the HKMA said.

Enforcement

China Anti Graft Probe Ensnares China Life Chairman

By Editors | 16/01/2022

The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.

Enforcement

PBOC to Grant Local Authorities Greater Role in Financial Supervision

By Editors | 16/01/2022

New draft regulations open for consultation will strengthen the supervisory and risk disposal responsibilities of local governments within their territories.

Enforcement

Korea FSS to Bolster Capacity at Special Investigations Unit

By Editors | 16/01/2022

The FSS said an increase in manpower and an expansion of the unit’s scope are needed to strengthen its capacity to respond to unfair trading practices in the capital market.

Enforcement

SEBI Issues Guidelines on Penalties for Issuer Disclosure Failures

By Editors | 16/01/2022

The guidelines specify fines amounting to INR 5,000 per day for delays in disclosing information about board and shareholder meetings, and non-submission of quarterly and annual financial results.