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Crypto / Digital Assets
Australian Federal Police Forms Cryptocurrency Unit
By Editors | 13/09/2022
The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.
ESG / Sustainability
Glencore Facing Greenwashing Allegations in Australia
By Editors | 13/09/2022
A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.
AML / KYC
AUSTRAC Launches AML Probe into Entain Group
By Editors | 13/09/2022
London-listed betting company Entain Group was also fined last month by the UK Gambling Commission for AML and social responsibility failures.
AML / KYC
Five Korean Crypto Exchanges Face AML Penalties
By Editors | 12/09/2022
Most of the funds involved in Woori and Shinhan’s suspicious wire transfers came from five crypto exchanges and were not reported.
Enforcement
Taiwan FSC Fines Taishin Bank Over Debt Collection Mistakes
By Editors | 12/09/2022
The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.
Enforcement
Australia: ABN AMRO Penalised Over Block Trading Rule Breach
By Editors | 08/09/2022
ABN AMRO Clearing Sydney registered ASX SPI 200 Futures block trades that included split allocations below the Minimum Value Threshold.
AML / KYC
Singapore Police Opens New Anti-Scam Command Office
By Editors | 07/09/2022
The opening of the ASCom office was officiated by Minister for Communications & Information Josephine Teo.
AML / KYC
Japan Regulator Orders Revolut to Improve AML Controls
By Editors | 06/09/2022
Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.
Fintech / Regtech
India Raids Payment Firms in Digital Lending App Probe
By Editors | 06/09/2022
The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.
Enforcement
Singapore Jails Five Former Remisiers for False Trading
By Editors | 06/09/2022
The five were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.
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