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Enforcement
ASIC Launches Federal Court Proceedings Against Macquarie
By Editors | 05/04/2022
ASIC says Macquarie failed to properly detect and prevent unauthorised fee transactions by now-convicted former financial adviser, Ross Andrew Hopkins.
Enforcement
Former CSRC Official to Face Criminal Charges for Taking Bribes
By Editors | 04/04/2022
The former official accepted gifts, money, shares of companies, luxury goods and other personal benefits as bribes while he was tasked with reviewing IPO applications.
Enforcement
CBIRC Fines 21 Banks for Data Reporting Failures
By Editors | 04/04/2022
State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.
Enforcement
Philippine SEC to Form Dedicated Unit Targeting Abusive Lending
By Editors | 04/04/2022
The government is seeking to prevent and penalise abusive debt collection practices, misrepresentations, and unreasonable terms and conditions.
Crypto / Digital Assets
Bangladesh Proposes Law to Raise Penalties for Banking Fraud
By Editors | 03/04/2022
The bill would allow Bangladesh Bank to remove a bank’s owners, directors, executives, and other officials if they are involved in banking fraud.
AML / KYC
US DOJ Charges Two for NFT Fraud, Money Laundering
By Sanday Chongo Kabange | 01/04/2022
The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.
Enforcement
Singapore Police, Banks Step Up Scam Intervention Efforts
By Editors | 31/03/2022
In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.
Capital / Liquidity
RBNZ Satisfied with ANZ NZ Governance Improvements
By Editors | 31/03/2022
ANZ has “invested heavily” in its director attestation framework remediation uplifted its overall governance capabilities.
Enforcement
CSRC Revokes Licences of Two Investment Consulting Firms
By Editors | 31/03/2022
The two well-established securities investment consulting firms were found to have disseminated false or misleading information to investors.
AML / KYC
US Lawmakers Probe Credit Suisse Russia Business
By Editors | 30/03/2022
The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.
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