Financial Crime

Fraud, Scams & Cybercrime

CBA, Vodafone Announce Scam Intelligence Sharing Partnership

By Sanday Chongo Kabange | 13/12/2023

CBA and Vodafone are sharing intelligence on SMS scams to help disrupt, detect and block fraudulent payments.

Anti-Money Laundering

AUSTRAC Announces Regulatory Priorities for 2024

By Editors | 13/12/2023

AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.

Conduct, Culture & Accountability

MAS Unveils Key Decisions on Mandatory Reference Check Regime

By Manesh Samtani | 13/12/2023

The new requirements will come into effect one year after publication of the relevant Notices, which will first be subject to consultation.

Cryptocurrency

NYAG Announces $22m Settlement With Crypto Firm KuCoin

By Editors | 13/12/2023

KuCoin is required to refund more than USD 16.7 million to New York investors and pay more than USD 5.3 million to the state.

Market Abuse

HK’s Market Sounding Rules Could Impact Decision-making Dynamics

By Nithya Subramanian | 13/12/2023

Market participants have sought clarity on the definition of non-public information and jurisdiction from Hong Kong’s SFC.

Fraud, Scams & Cybercrime

Korea Seeking Expanded Powers to Freeze Bank Accounts

By Editors | 13/12/2023

Authorities can already freeze accounts linked to voice phishing scams. Prosecutors are looking to expand this to target gambling and drug crime.

Cryptocurrency

Taiwan FSC to Form New Financial Technology Bureau

By Editors | 13/12/2023

The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

Alternative Markets

CSRC Proposes Tougher Rules for Private Investment Funds

By Editors | 12/12/2023

Qualified investors in PE and VC funds would have to invest at least CNY 3 million, three times the current threshold.

PEPs & Sanctions

Canada Sanctions Political Candidates from Russian-Occupied Area

By Editors | 12/12/2023

Canada accuses 30 Russian nationals of taking part in “sham” elections in Russian-occupied Kherson Oblast.