ADVERTISEMENT
Financial Crime
Market Abuse
US SEC, DOJ Settle Morgan Stanley Block Trading Probe
By Sanday Chongo Kabange | 15/01/2024
Morgan Stanley agreed to pay more than USD 249 million to settle fraud charges and for failing to enforce information barriers.
Fraud, Scams & Cybercrime
Local Banks to Improve Money-locking Features: ABS
By Nithya Subramanian | 15/01/2024
Banks need to be prepared as scammers will continuously modify their techniques, said ABS Director Ong-Ang Ai Boon.
Anti-Money Laundering
NYDFS Announces $8m Settlement With Genesis Global Trading
By Editors | 15/01/2024
Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
Anti-Money Laundering
Crypto Firms Lead Surge in AML Fines: Report
By Mark Johnston | 15/01/2024
Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.
PEPs & Sanctions
Better Enforcement Needed on Russia-related Export Controls
By Editors | 15/01/2024
New report calls for coalition authorities to address the role of third-country intermediaries in export controls circumvention schemes.
PEPs & Sanctions
US Sanctions HK, UAE Companies to Target Houthi Revenues
By Editors | 15/01/2024
OFAC also identified four vessels as blocked property for their involvement in shipping Iranian commodities on behalf of a Houthi financial facilitator.
Anti-Money Laundering
SC Malaysia Charges Three for Money Laundering Offences
By Sanday Chongo Kabange | 15/01/2024
The three individuals face a combined 28 money laundering charges over illegal proceeds totalling MYR 283.5 million.
Credit Risk
China Sets Up Coordination Mechanism for Real Estate Financing
By Mark Johnston | 13/01/2024
The new mechanism aims to address financing difficulties in the real estate sector through regular assessment and communication among stakeholders.
PEPs & Sanctions
Biden Administration Supports Confiscation of Russian Assets – Report
By Editors | 12/01/2024
There have been concerns that the seizure of Russian assets could taint the reputation of the US financial system and spark a flight from the dollar.
PEPs & Sanctions
US Imposes Sanctions Targeting Transfer of DPRK Missiles to Russia
By Editors | 12/01/2024
Three Russian entities, one individual, and four aircraft were designated over the transfer of ballistic missiles to Russia for use against Ukraine.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.