Financial Crime

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    Structural Regulation

    CSRC Unveils New Policies for Boosting Stock Market Quality

    By Manesh Samtani | 18/03/2024

    The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.

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    Cryptocurrency

    SFC Issues Fresh Warning Against Unlicensed Crypto Firm MEXC

    By Sanday Chongo Kabange | 18/03/2024

    This is the second warning the SFC has issued against MEXC. Regulators in Korea, Japan, India and Germany have also warned against MEXC.

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    Anti-Bribery & Corruption

    US DOJ Probes Adani Group Over Potential Bribery Allegations

    By Mark Johnston | 18/03/2024

    The latest probe delves into whether an Adani entity was involved in making payments to Indian officials for favourable outcomes on an energy project.

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    Fraud, Scams & Cybercrime

    Australia: ACCC Report Shows Scam Losses Are Declining

    By Sanday Chongo Kabange | 18/03/2024

    Report says scam losses in Q4 2023 almost halved compared to the same quarter in 2022, largely due to a sharp decline in investment scams.

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    PEPs & Sanctions

    Russia Imposes New Personal Sanctions on 227 US Citizens

    By Editors | 17/03/2024

    The sanctions target several current and former State Department officials, along with journalists, researchers, and members of the business community.

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    Anti-Bribery & Corruption

    Hong Kong ICAC Charges CCB Banker for Taking Bribes

    By Sanday Chongo Kabange | 17/03/2024

    A former CCB Asia sales executive was charged for taking bribes to expedite the account opening process for six clients.

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    PEPs & Sanctions

    OFAC Targets Another Vessel Over Iran Commodity Shipments

    By Editors | 17/03/2024

    The sanctions target a Panama-flagged vessel which OFAC says headed to China carrying Iranian commodities received on behalf of a Houthi financial facilitator.

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    PEPs & Sanctions

    G7 Warns of Sanctions if Iran Delivers Missiles to Russia

    By Editors | 17/03/2024

    If Iran delivers ballistic missiles to Russia, Iran Air flights to European cities could be suspended, among other unspecified measures.

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    Structural Regulation

    India: Five PSBs Required to Dilute Government Stake by August

    By Ajoy K Das | 15/03/2024

    Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.

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    KYC & CDD

    BSP Directs Banks to Prioritise PhilID in Customer KYC, Verification

    By Editors | 15/03/2024

    The BSP has identified the national ID, which is part of PhilSys, as a driver of financial inclusion in the Philippines.

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