Financial Crime

    image

    Conduct, Culture & Accountability

    SFC Suspends Former RO for 4 Years Over 2019 Share Placement

    By Sanday Chongo Kabange | 29/05/2024

    The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

    image

    Anti-Money Laundering

    Former FTX Executive Sentenced to 7.5 Years in Prison

    By Editors | 29/05/2024

    Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

    image

    Cryptocurrency

    SFC Warns of Impending Deadline Under VATP Regime

    By Editors | 29/05/2024

    The SFC will conduct on-site inspections in the coming months to ascertain compliance by the ‘deemed-to-be-licensed’ VATP applicants.

    image

    Supervision & Enforcement

    SFC Bars Ex-Licensee Over Unlicensed Activity

    By Sanday Chongo Kabange | 28/05/2024

    The SFC has barred Cheung Wing Hung for 18 months due to a criminal conviction for carrying out unlicensed activities.

    image

    Operational Risk

    APRA Imposes Additional Licence Conditions on Mercer Super

    By Sanday Chongo Kabange | 28/05/2024

    APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.

    image

    Anti-Money Laundering

    Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

    By Sanday Chongo Kabange | 28/05/2024

    The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

    image

    KYC & CDD

    India Tightens Scrutiny of Foreign Beneficial Ownership

    By Ajoy K Das | 28/05/2024

    India’s Registrar of Companies has already imposed penalties on executives of Microsoft and others for violating beneficial ownership disclosure norms.

    image

    Custody & Infrastructure

    Australian Digital Assets Reform: An Acquired Taste or Unique Approach?

    By Rahul Advani | 28/05/2024

    Some questions remain with Canberra’s uniquely Australian approach to digital asset reform, says Rahul Advani.

    image

    Anti-Bribery & Corruption

    China: Ex-Official Gets Life Sentence for Bribery, Insider Trading

    By Editors | 28/05/2024

    Cao Guangjing was convicted on bribery charges and for leaking information about the bailout plan of a Hubei listed company.

    image

    PEPs & Sanctions

    EU Adopts New Human Rights Sanctions Regime for Russia

    By Editors | 28/05/2024

    The European Council has concurrently listed one entity and 19 natural persons under the new regime.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.