Enforcement
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388ASIC Seeks Stronger Powers to Combat Cybercrime
Manesh Samtani, Regulation Asia January 23, 2018Parliamentary submission suggests reforms allowing ASIC to assume identities on the dark web, share phone data with foreign regulators, seize electronic devices.
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399HKEX Issues Northbound Stock Connect Market Misconduct Guidelines
Editors, Regulation Asia January 22, 2018Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.
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447Thailand Implements New Market Misconduct Penalty Scheme for Banks
Editors, Regulation Asia January 20, 2018New market conduct rules to be implemented over next few weeks; Violators can be barred from operating or fined up to 1mn baht per day.
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251HK’s Financial Reporting Council to be Given Extended Powers
Editors, Regulation Asia January 20, 2018Treasury for Financial Services and the Treasury says FRC to given independent oversight, inspection and disciplinary powers.
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502US Fed Fines Taiwanese Bank $29mn for AML Failures
Editors, Regulation Asia January 19, 2018US Federal Reserve Board cites deficiencies in Mega Bank's operations, risk management and compliance controls in relation to AML and bank secrecy laws.
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423Hong Kong SFC Looks to Optimise Enforcement Action
Editors, Regulation Asia January 18, 2018New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation 'above and beyond' regulatory obligations.
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432UPDATED – PwC Gets 2-Year Ban from Auditing Listed Firms in India
Garima Chitkara, Regulation Asia January 15, 2018Ban relates to accounting fraud at software exporter Satyam Computer Services, where PwC was auditor.
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483The Return of ‘Super Alpha’ and Regulatory Arbitrage
Peter Guy, Regulation Asia January 15, 2018The return of SAC Capital’s founder with a new venture reveals the complicated ethics of a post financial crisis world.
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516
HK SFC Releases 1st MiC Regime Guidance Bulletin
Editors, Regulation Asia December 20, 2017Report warns on conflicts of interest in sales practices and asset management; notes asset management sector now has more than half of all intermediaries.
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Singapore Issues 7th, 8th Bans Related to 1MDB Probe
Editors, Regulation Asia December 20, 2017Yeo Jiawei, a former BSI wealth manager, gets lifetime ban to add to his convictions for 1MDB related money laundering, cheating and witness tampering.
