Enforcement

Enforcement

China Arrests 41 People Linked to Tuandai.com in P2P Crackdown

By Editors | 02/05/2019

Following the collapse of P2P platform Tuandai.com in March, Chinese authorities have arrested 41 people connected to the platform, including its owners.

Market Infrastructure

UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case

By Editors | 01/05/2019

NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.

Enforcement

New Zealand Proposes Ways to Improve Banking Conduct, Culture

By Editors | 30/04/2019

The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.

Enforcement

Chinese Fund Management Group Faces Police Investigation

By Editors | 30/04/2019

Jay Wei, chairman of JC Group, which controls multiple fund management units, is being investigated by Chinese police for potentially illegal multi-billion-dollar fundraising activities.

AML / KYC

Wolfsberg Group Endorses APAC Toolkit for Tackling Human Trafficking

By Editors | 26/04/2019

The Wolfsberg Group has endorsed the latest Anti Human Trafficking Toolkit from the Thomson Reuters Foundation, tailored for use in Asia Pacific by banks and financial institutions.

Enforcement

Financial Planners Worry About AFCA’s Extended Powers

By Editors | 25/04/2019

The FPA says advisers are worried old cases will be judged against newer, stricter advice standards and they may not be covered by professional indemnity insurance.

AML / KYC

SFC Imposes 10-Month Ban on Former Guosen Exec

By Editors | 24/04/2019

The 10-month ban on Su Xiqiang, former head of Guosen’s retail brokerage, was a result of improper handling of third-party fund deposits, and a lack of AML controls.

Enforcement

Goldman, Gao Hua Securities Agree to $22.3m CSRC Settlement

By Editors | 24/04/2019

Goldman Sachs and its Chinese partner Gao Hua Securities have agreed to an administrative settlement of 150 million yuan for internal control breaches.

Securities / Derivatives

China to Amend Securities Law This Year

By Editors | 22/04/2019

China plans to amend its securities law within this year, with an aim to strengthening investor protection and enforcement against violators.