ADVERTISEMENT
Financial Crime
Anti-Money Laundering
FATF Issues Report on Crowdfunding for Terrorism Financing
By Editors | 01/11/2023
The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.
PEPs & Sanctions
US, UK, Canada Announce New Myanmar Sanctions
By Editors | 01/11/2023
OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.
Market Abuse
FSS Korea Asks Prosecutors to Charge Kakao for Market Manipulation
By Sanday Chongo Kabange | 01/11/2023
The FSS has sent recommendations to prosecutors asking them to charge Kakao, Kakao Entertainment and several top executives.
Cloud & Infrastructure
RBI Allows Five MSME Lending Products to Exit Sandbox
By Ajoy K Das | 31/10/2023
Regulated entities are allowed to adopt the MSME lending products. The RBI also opened applications for its fifth sandbox cohort, which is “theme neutral”.
Market Abuse
Korea FSS to Probe Illegal Short-selling by Foreign Investment Banks
By Manesh Samtani | 31/10/2023
A special team will launch next week to investigate whether more global investment banks engaged in illegal short-selling, and whether local securities firms helped them.
PEPs & Sanctions
Japan Joins US in Sanctioning Hamas Fundraisers
By Editors | 31/10/2023
Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.
Anti-Money Laundering
Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding
By Editors | 31/10/2023
Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.
Anti-Bribery & Corruption
HK Authorities Sign Anti-Corruption MoU for Insurance Industry
By Editors | 30/10/2023
The IA and ICAC will strengthen collaboration on case referrals, investigations, information exchange, public education and professional training.
Fraud, Scams & Cybercrime
OCBC Stops Using SMS as Default Notification Method
By Editors | 30/10/2023
Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.
PEPs & Sanctions
OFAC Targets Hamas Finances With New Sanctions
By Editors | 30/10/2023
The new designations underscore the “critical role Iran plays” in providing support to Hamas, said deputy Treasury secretary Wally Adeyemo.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.