Financial Crime

Market Abuse

Korea FSS Set to Issue Interim Findings from Short Selling Probe

By Sanday Chongo Kabange | 05/05/2024

Ten global investment banks including Nomura and Credit Suisse are expected to face fines totalling more than $73.7mn.

Structural Regulation

China Stock Exchanges Finalise New Rules on Listing Access

By Editors | 05/05/2024

The rules say more on-site inspections of listing applicants will be conducted and a risk warning will be introduced for companies that underpay dividends.

Anti-Money Laundering

EBA’s New AML Database Set to Start Receiving Personal Data

By Editors | 05/05/2024

EuReCA was launched by the EBA in January 2022, but has so far not yet been able to collect personal data from EU supervisors.

PEPs & Sanctions

UK Treasury Publishes Additional Guidance on Sanctions

By Editors | 05/05/2024

The FAQs cover specific sanctions regimes and countries, licensing, and the Russia oil services ban, among other areas.

PEPs & Sanctions

UK Issues Further Sanctions Over Settler Violence in West Bank

By Editors | 05/05/2024

The UK sanctioned two groups and four individuals for violence against Palestinians in the West Bank.

Stablecoins

Tether to Start Monitoring Secondary Market for USDT

By Editors | 04/05/2024

Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.

KYC & CDD

New Zealand Regulators Issue Updated CDD Guidelines

By Editors | 03/05/2024

Updated guidelines on beneficial ownership, company CDD, and enhanced CDD. New guideline on CDD for limited partnerships.

Fraud, Scams & Cybercrime

Australia: Scam Losses Fall for the First Time in Six Years

By Manesh Samtani | 03/05/2024

In its latest report on annual scam activity, the ACCC highlighted government and industry initiatives that led to lower scam losses in 2023.

Trading & Investment

Indonesia OJK Issues New Short Selling Regulations

By Editors | 03/05/2024

OJK said the regulations will ensure robust risk management and regulatory compliance by securities companies.