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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.
AML / KYC
OFAC Fines HK Unit of Japanese Conglomerate Sojitz
By Editors | 13/01/2022
Trading in Iran-origin goods was carried out without the knowledge of senior management by employees who omitted information from documentation.
Enforcement
Taiwan FSC Fined Seven FIs Over Regulatory Violations
By Darien Choong | 12/01/2022
Taiwan’s FSC has fined seven financial institutions for regulatory violations including the improper payment of commissions.
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