ADVERTISEMENT
Securities / Derivatives
China Eases Process for Investors to Seek Redress for Securities Fraud
By Editors | 06/02/2022
Administrative penalties or criminal judgments will no longer be preconditions for courts to accept civil compensation cases involving securities fraud.
AML / KYC
New Sanctions Imposed Against Myanmar Officials
By Editors | 04/02/2022
US and Singapore officials have reportedly met to discuss ways to limit Myanmar’s military from accessing financial assets overseas.
Enforcement
Philippines Passes New Financial Consumer Protection Act
By Editors | 02/02/2022
The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.
AML / KYC
Preparing for New Russia-Related Sanctions, Export Controls
By Nick Turner | 01/02/2022
Nick Turner and Steptoe partners summarize noteworthy US proposals for imposing Russia-related sanctions over the situation in Ukraine.
Enforcement
Korea FSS Proposes to Partially Suspend Hana Bank Operations
By Editors | 01/02/2022
The FSS is also proposing to force Hana Bank executives and employees involved in DLF mis-selling to pay penalties.
Enforcement
SFC Fines Citigroup Asia Unit for Client Facilitation Misconduct
By Editors | 28/01/2022
Deceptive practices were deployed at the expense of clients’ best interest and to the detriment of market integrity, said SFC chief Ashley Alder.
Enforcement
US Court Acquits Deutsche Traders in LIBOR Rigging Case
By Editors | 28/01/2022
Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.
Crypto / Digital Assets
Myanmar to Ban Crypto Under New Cybersecurity Law
By Sanday Chongo Kabange | 28/01/2022
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
AML / KYC
HK ICAC Charges Three Ex-StanChart Employees For Fraud
By Editors | 27/01/2022
The former relationship managers were among five individuals indicted for conspiring to deceive Japanese investors with false documents.
AML / KYC
Faster Transactions Impeding Scam Loss Recoveries: HK Police
By Sanday Chongo Kabange | 27/01/2022
Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team