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Fraud, Scams & Cybercrime
FBI Calls on DeFi Platforms to Bolster Safeguards Against Theft
By Editors | 04/09/2022
DeFi platforms are asked to institute real time analytics, monitoring, rigorous code testing, and incident response plans.
Market Abuse
Thai SEC Files Suit Against Company Chairman Fake Vaccine Deal
By Editors | 03/09/2022
The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer’s Covid-19 vaccines.
Supervision & Enforcement
Australia: Grant Thornton Auditor Facing Criminal Charges
By Editors | 01/09/2022
The matter reportedly concerns revenue numbers signed off by Grant Thornton for booking in the half-year results of iSignthis Ltd in 2018.
Anti-Bribery & Corruption
Malaysian Court Convicts Wife of Najib Razak for Corruption
By Editors | 01/09/2022
Rosmah Mansor was convicted for taking bribes from a contractor in exchange for a government project to supply solar energy to rural schools.
Trading & Investment
ASIC Warns Against Offering Risky Products to Retail
By Sanday Chongo Kabange | 01/09/2022
ASIC warns brokers against offering securities lending arrangements, crypto assets and so-called ‘zero brokerage’ offerings to retail investors.
Cryptocurrency
Iran Passes Law Authorising Use of Crypto for Imports
By Editors | 01/09/2022
The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.
Supervision & Enforcement
Five Super Funds Fail APRA’s Second Performance Test
By Editors | 01/09/2022
Four of the five have now failed for a second time. Five other MySuper products that failed last year have now passed.
Anti-Money Laundering
MAS Fines UOBKH for Business Conduct, AML Failures
By Editors | 31/08/2022
UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.
Conduct, Culture & Accountability
Bangladesh NBFIs to Require Approval for All Director Appointments
By Editors | 31/08/2022
The move is aimed at strengthening corporate governance, following a string of frauds and loan scandals in the NBFI sector.
Fraud, Scams & Cybercrime
Indian Banks Inconsistently Reporting Fraud Incidents to Regulator
By Editors | 31/08/2022
Kotak Mahindra Bank suggests such digital frauds are not being reported by other banks, making its own figures look disproportionately higher.
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