ADVERTISEMENT
Financial Crime
Fraud, Scams & Cybercrime
State Bank of Vietnam Tightens Grip on Account Fraud – Report
By Nithya Subramanian | 11/09/2024
Financial institutions are now required to provide monthly updates on accounts showing signs of fraud or other legal violations.
PEPs & Sanctions
US, UK Sanction Iran Over Missile Delivery to Russia
By Editors | 11/09/2024
The UK, France and Germany will also cancel air services arrangements with Iran, restricting Iran Air’s ability to fly into the UK and Europe.
Market Abuse
CSRC to Bar Departing Senior Officials from IPOs for 10 Years
By Editors | 10/09/2024
The prohibitions would apply to CSRC and stock exchange officials, as well as their parents, spouses, children, and children’s spouses.
Anti-Money Laundering
Stronger AML Controls Needed to Combat Organised Crime: AIC
By Thisanka Siripala | 10/09/2024
The Australian Institute of Criminology found that money laundering activity by organised crime groups leads to increases in crime-related harm.
Conduct, Culture & Accountability
US SEC Fines 9 Investment Advisors for Marketing Rule Violations
By Nithya Subramanian | 10/09/2024
The SEC imposed fines totalling $1.24mn after it found that nine firms issued advertisements with false or unsubstantiated claims.
Cryptocurrency
Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report
By Nithya Subramanian | 10/09/2024
The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.
Supervision & Enforcement
ASIC Updates Misconduct Reporting Guidance for Administrators
By Thisanka Siripala | 10/09/2024
The guidance encourages administrators to use their professional judgment to make case-by-case assessments before reporting misconduct.
KYC & CDD
India: Two FPIs Seek Extension to Comply With New Disclosure Rule
By Ajoy K Das | 10/09/2024
Two Mauritius-based FPIs suspected of being linked to Adani Group have asked for six more months to comply with SEBI’s beneficial ownership disclosure rules.
Anti-Money Laundering
US Celebrities Received 1MDB Funds Worth $2.43m – Reports
By Nithya Subramanian | 10/09/2024
A Malaysian court heard that fugitive Jho Low transferred 1MDB money to Kim Kardashian and Pharrell Williams but the reasons are unknown.
Conduct, Culture & Accountability
APRA Seeks Court Order to Disqualify First Super Co-chair
By Thisanka Siripala | 10/09/2024
APRA alleges Micheal O’Connor failed to meet the required standards of care and diligence required of a prudent superannuation entity director.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.