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Financial Crime
Market Abuse
SEBI Proposes to Grant Greater Trading Flexibilities to Company Insiders
By Ajoy K Das | 28/11/2023
The regulator has proposed revising its insider trading regulations to make it easier for senior management to trade in company shares.
Fraud, Scams & Cybercrime
Taiwan Banks Blocked TWD 5.5 billion in Fraud in 2023
By Mark Johnston | 28/11/2023
CTBC Bank, Cathay United Bank and Chunghwa Post each blocked more than 1,100 fraud attempts from Q1 to Q3.
Anti-Money Laundering
13 FIUs Establish Task Force to Disrupt Terrorist Financing
By Editors | 28/11/2023
The FIUs including FinCEN, UKFIU, AUSTRAC, and NZFIU established the task force last month but is publicly recognising its formation now.
Fraud, Scams & Cybercrime
HK Police Arrest 30 in Connection with Alleged JPEX Fraud
By Editors | 28/11/2023
A total 66 individuals have now been arrested, though they have not yet been charged and have all been released on bail pending investigation.
PEPs & Sanctions
EU Expands Sanctions “Carve-Out” for Humanitarian Aid
By Editors | 28/11/2023
Latest Council decision will permit humanitarian transactions with EU-sanctions targets under 10 sanctions programs.
Supervision & Enforcement
Chinese Police Launch Criminal Probe into Zhongzhi Group
By Mark Johnston | 27/11/2023
The announcement came just days after Zhongzhi, one of the largest conglomerates in China’s shadow finance sector, said it was insolvent.
Fraud, Scams & Cybercrime
HK Police, Banks Inaugurate New “Anti-Deception Alliance”
By Editors | 27/11/2023
Through the Alliance, ten participating banks will work alongside the police to provide real-time assistance in detecting, disrupting and deterring scams.
Fraud, Scams & Cybercrime
CSRC Probes Private Funds Over False Disclosures
By Editors | 27/11/2023
The CSRC said two private funds engaged in a multi-layered investment scheme, with false information disclosure and possible criminal behavior.
Supervision & Enforcement
HK AFRC Bans Auditor for Life, Imposes HK$300,000 Fine
By Mark Johnston | 27/11/2023
A CPA has been penalised for falsely signing off 11 audit reports and providing misleading information to the HKICPA.
Anti-Money Laundering
EBA Consults on Travel Rule Guidelines for Funds and Crypto Transfers
By Mark Johnston | 27/11/2023
The EBA plans new guidelines to prevent the misuse of funds and crypto-assets transfers for illicit purposes, aligning with FATF standards.
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