Financial Crime

    Market Abuse

    China to Strengthen Cross-Agency Collaboration on Capital Market Crime

    By Editors | 24/09/2022

    Regulatory, law enforcement and prosecutorial agencies will cooperate to “treat both the symptoms and the root causes” that contribute to capital market crime.

    Fraud, Scams & Cybercrime

    New York AG Files Fraud Charges Against Trump & Family

    By Editors | 22/09/2022

    The lawsuit says Trump falsified his net worth to obtain more favourable loan terms, cheaper insurance coverage, and tax benefits.

    Fraud, Scams & Cybercrime

    China: Another Senior Executive Probed for Chip Fund Fraud

    By Editors | 22/09/2022

    Another senior investment manager of Sino IC Capital is being probed for fraud involving China’s biggest investment fund for the chip sector.

    Fraud, Scams & Cybercrime

    Australia Court Orders Retrial of Banned Mayfair 101 Director

    By Editors | 21/09/2022

    ASIC put a “legally incorrect case” and the primary judge made orders “based on a legally correct case not put”, the court said.

    Cryptocurrency

    Binance Set to Secure Crypto Licence for the Philippines

    By Editors | 21/09/2022

    Binance is in late stage talks to buy a Philippine company that already has VASP and electronic money issuer licences.

    Custody & Infrastructure

    Nasdaq Establishes New Digital Assets Business

    By Editors | 21/09/2022

    The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term, says Nasdaq’s Adena Friedman.

    Supervision & Enforcement

    HK Police, FRC Sign MoU on Combatting Commercial Crime

    By Editors | 21/09/2022

    Collaboration is needed to protect the public interest and maintain financial market integrity, said FRC chairman Kelvin Wong.

    Operational Risk

    Citigroup Submits Plans to US Regulators to Address Deficiencies

    By Sanday Chongo Kabange | 21/09/2022

    Citigroup has about 30,000 people working on improvements and is hiring rival bankers and former auditors to beef up its risk and compliance teams.

    Cryptocurrency

    UK FCA Issues Warning Against Crypto Exchange FTX

    By Editors | 20/09/2022

    The FCA said FTX is targeting UK consumers without proper authorisation. FTX believes a scammer is impersonating the company.

    Anti-Money Laundering

    US Treasury Seeks Input on Illicit Finance Risks in Crypto

    By Editors | 19/09/2022

    The RFC calls for input on how to prevent crypto from being used for illicit finance, including through analytics tools and AML/CFT regulations.

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