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Market Abuse
Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme
By Editors | 03/10/2022
The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.
Conduct, Culture & Accountability
Australian Court Dismisses ASIC Lawsuit Against CBA
By Editors | 03/10/2022
The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State’s superannuation product.
Anti-Money Laundering
FINRA Issues New Penalties Guidance for Rule Violations
By Editors | 03/10/2022
Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.
PEPs & Sanctions
US, UK, Canada, Australia Announce More Russia Sanctions
By Manesh Samtani | 03/10/2022
The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
Supervision & Enforcement
US SEC Fines Barclays $361m for Securities Over-issuances
By Editors | 02/10/2022
Barclays did not have controls in place to track offers and sales of securities against the amount of registered offers and sales.
Anti-Money Laundering
HKMA Publishes Initial Observations from AMLab Series
By Manesh Samtani | 02/10/2022
The HKMA plans to run a network analytics-themed AMLab again later this year to give more banks an opportunity to take part.
Stablecoins
Korean National Assembly to Question Crypto Execs on Terra
By Editors | 02/10/2022
TerraForm Labs accuses Korean prosecutors of overreach. Luna Foundation Guard money allegedly transferred overseas.
Stablecoins
IMF Calls for Global Coordination on Stablecoin Regulation
By Sanday Chongo Kabange | 01/10/2022
In markets where risks are growing quickly, authorities should take immediate action, including by introducing targeted measures to “slow down stablecoin adoption”.
PEPs & Sanctions
US Sanctions Asia Firms for Facilitating Iranian Oil Sales
By Editors | 01/10/2022
The US designated companies based in China, the UAE, Hong Kong and India. Separately, Canada plans to sanction Iran’s “morality police”.
Cryptocurrency
UK FCA Grants Revolut Approval to Offer Crypto Services
By Editors | 01/10/2022
Revolut was allowed to remain on a temporary register after a March deadline for approvals until its application was fully processed.
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