Financial Crime

    Cryptocurrency

    The Philippines to Introduce Cryptocurrency Regulation This Year

    By Garima Chitkara | 01/02/2018

    New rules, expected by year end, aimed at investor protection as Philippines investigates unlicensed ICO issuers.

    Anti-Money Laundering

    Interpol to Increase Measures on Cryptocurrencies AML, CTF Risk

    By Samuel Riding | 01/02/2018

    Global police organisation says to increase information sharing, review AML/CTF rules pertaining to digital currencies, take action against cryptocurrency ‘tumblers’.

    Anti-Money Laundering

    S. Korea Probes Illegal Forex Transactions Using Cryptocurrency

    By Manesh Samtani | 01/02/2018

    Korea Customs Service alleges KRW637.5 bn of foreign exchange crimes, including the use of cryptocurrency to conduct forex transactions, foreign remittances, illegal smuggling.

    Cryptocurrency

    South Korea Pursues Global Cooperation on Crypto Regulation

    By Manesh Samtani | 31/01/2018

    Ministry of Strategy and Finance officials have been sent to Japan to discuss oversight and taxation issues, with plans to also visit US, UK, German authorities.

    Fraud, Scams & Cybercrime

    China Punishes 12 Banks for Illegal Bills Trading Scandal, Fraud

    By Editors | 31/01/2018

    CBRC investigation revealed RMB 7.9 billion in illegal bank bills trading; life-time ban for Postal Savings Bank branch head.

    Market Abuse

    CBA Becomes 7th Bank Involved in BBSW Manipulation Allegations

    By Samuel Riding | 31/01/2018

    Securities regulator says bank was involved in unconscionable conduct in dealing with the benchmark rate during 2012.

    Market Abuse

    HSBC, Australian Trader Involved in Spate of US ‘Spoofing’ Cases

    By Samuel Riding | 31/01/2018

    HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.

    DeFi & Web3

    Decentralised Crypto Exchanges Could Render Regulatory Efforts Meaningless

    By Bradley Maclean | 29/01/2018

    Global regulators and institutions need to work together to develop globally harmonised standards, rather than the onerous regulatory frameworks proposed […]

    Supervision & Enforcement

    China Tightens Outbound Investment Rules Despite Decline in 2017

    By Editors | 29/01/2018

    Temporary rules require more detailed filings on investment plans; enforcement to focus on deals worth $300mn or more or to sensitive countries, regions and industries.

    Market Abuse

    China Regulator Sees Spike in Market Manipulation

    By Samuel Riding | 29/01/2018

    CSRC representative says recent days have seen ‘unusual trading’ in some market segments and individual stocks.

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