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Anti-Money Laundering
Malaysia: Federal Court Upholds Najib Razak Conviction
By Editors | 24/08/2022
Najib was convicted in 2020 on 1MDB-related charges. The federal court upheld the conviction, requiring him to serve a 12 year jail sentence.
Market Abuse
Academic Study Finds Broader Front-Running Problem at Coinbase
By Mark Johnston | 23/08/2022
University of Technology Sydney researchers estimate that insider trading occurred on 10-25% of new crypto listings at Coinbase between Sept 2018 and May 2022.
Cryptocurrency
US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats
By Editors | 23/08/2022
Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.
Anti-Money Laundering
Malaysia to Enhance AML Supervision of Company Secretaries, Trust Companies
By Editors | 23/08/2022
The Companies Commission of Malaysia will “take on greater responsibility” in supervising company secretaries and trust companies “in the near future”.
Cryptocurrency
US SEC Files Suit Against Crypto Entities Over ICO Sale
By Mark Johnston | 22/08/2022
Blockchain firm Dragonchain raised about $16.5mn without registering its token sales as securities offerings.
Fraud, Scams & Cybercrime
Henan Authorities Repay More Frozen Deposits at Rural Banks
By Editors | 22/08/2022
The latest round of repayments are being made to individuals with deposits of between CNY 350,000 and CNY 400,000.
PEPs & Sanctions
US Concerned India is Routing Russian Oil to New York
By Editors | 22/08/2022
An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.
Anti-Bribery & Corruption
Shanghai Court Jails Tycoon Xiao Jianhua, Fines Conglomerate
By Editors | 22/08/2022
Xiao Jianhua was handed a 13-year jail term and CNY 6.5 million fine. His company, Tomorrow Holding, was fined CNY 55 billion.
Market Abuse
SFC Probes AMTD Over Past Underwriting Deals – Reports
By Editors | 22/08/2022
The full scope of the probe into AMTD Group and its current status are “unclear”, but it is said to be related to previous underwriting deals.
Fraud, Scams & Cybercrime
Almost $2b Stolen from Crypto Hacks in H1 2022: Chainalysis
By Editors | 22/08/2022
The value stolen from crypto hacks increased 60% from the same pariod last year, largely attributed to vulnerabilities of DeFi protocols.
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