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Fraud, Scams & Cybercrime
Singapore: SMS Sender ID Registration to Become Mandatory
By Editors | 15/10/2022
All non-registered SMS sender IDs after 31 Jan 2023 will be channelled to a sender ID with the header “Likely-SCAM”.
Stablecoins
Tether Eliminates Commercial Paper from Stablecoin Reserves
By Manesh Samtani | 15/10/2022
“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Cryptocurrency
Thai SEC Orders Bitkub to Fix Standards of Native Token
By Editors | 15/10/2022
The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.
Cybersecurity
BSP Directs FIs to Bolster Email Security, Cyber Awareness
By Editors | 15/10/2022
Financial institutions are directed to adopt “robust and layered” security controls and industry best practices to reinforce email security.
Anti-Bribery & Corruption
Glencore Facing Investor Lawsuits Following Bribery Conviction
By Editors | 14/10/2022
Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.
Anti-Money Laundering
Switzerland to Commence Work on Creating UBO Register
By Editors | 14/10/2022
A bill will be drafted by mid 2023 to create a central beneficial ownership register that will be accessible to authorities.
PEPs & Sanctions
US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions
By Editors | 14/10/2022
Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.
Conduct, Culture & Accountability
US SEC Probing Funds, Advisers on Staff Messaging Practices
By Editors | 13/10/2022
The SEC’s probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.
Conduct, Culture & Accountability
IOSCO Offers Guidance on Curbing Online Misconduct
By Editors | 13/10/2022
IOSCO’s new report offers recommendations to address risks from online marketing and distribution of financial products targeting retail investors.
Anti-Bribery & Corruption
China to Prosecute Former China Merchants Bank President
By Editors | 12/10/2022
The former president was abruptly removed from his post in April, after spending nearly nine years building CMB into China’s top retail bank.
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