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Securities / Derivatives
US Sanctions Force Chinese AI Firm to Postpone HK IPO
By Manesh Samtani | 13/12/2021
The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.
AML / KYC
CSRC to Enhance Account Management in Securities Industry
By Darien Choong | 13/12/2021
A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
AML / KYC
AUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud
By Editors | 13/12/2021
The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.
AML / KYC
FATF Calls for Global Action on Environmental Crime
By Editors | 13/12/2021
For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.
AML / KYC
US Treasury Targets Human Trafficking in Updated Action Plan
By Mark Johnston | 12/12/2021
Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.
Press Release
Regulation Asia Awards for Excellence 2021 – Results Announcement
By Editors | 10/12/2021
Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.
Enforcement
China: Top Banking and Securities Officials Accused of Corruption
By Darien Choong | 09/12/2021
A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.
AML / KYC
Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance
By Sanday Chongo Kabange | 09/12/2021
The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.
AML / KYC
Japan: Sony Life Employee Embezzles $155m While Working Remotely
By Sanday Chongo Kabange | 09/12/2021
The Sony Life Insurance employee allegedly embezzled $155mn while working on liquidating the reinsurer’s assets after it closed.
AML / KYC
FinCEN to Tighten Rules on Beneficial Ownership, Real Estate Deals
By Manesh Samtani | 09/12/2021
The proposed rules are aimed at protecting the US financial system from money laundering enabled by shell companies and all-cash real estate deals.
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