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Cryptocurrency
Korean Authorities to Block, Investigate 16 Foreign Crypto Firms
By Editors | 21/08/2022
The unregistered foreign VASPs including KuCoin were referred for investigation and will have their websites and transactions blocked in Korea.
Credit Risk
CBIRC Probes Banks to Assess Property Loan Exposures
By Editors | 21/08/2022
The “very detailed” assessment is aimed at measuring the risks to the financial system from the ongoing crisis in the property sector.
Market Abuse
MAS Penalises Former UOBKH Representative for False Trading
By Editors | 19/08/2022
The former UOB Kay Hian trading representative committed false and unauthorised trading for a client who was himself sentenced in March 2021.
Anti-Money Laundering
Wirecard-related Charges Filed in Singapore, Philippines
By Editors | 18/08/2022
The charges in Singapore are for criminal breach of trust and money laundering. A bank official in the Philippines was indicted.
Alternative Markets
SEBI Loosens Overseas Investment Rules for AIFs, VC Funds
By Editors | 18/08/2022
Alternative investment and venture capital funds can invest in overseas companies even if they do not have an ‘Indian connection’.
Market Abuse
SEC Charges 18 for Manipulation Using Hacked Trading Accounts
By Editors | 18/08/2022
The hackers broke into at least 31 US retail brokerage accounts to buy stock to drive up prices and exit their positions at artificially high prices.
Supervision & Enforcement
CSRC Probes China Merchants Securities Over 2014 Deal
By Editors | 18/08/2022
The investigation will impact any IPO applications being sponsored by China Merchants Securities.
Supervision & Enforcement
CBIRC Fines New Times Trust, Bans Top Executives for Life
By Editors | 18/08/2022
New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.
Anti-Money Laundering
Philippine AMLC Tightens Requirements on DNFBPs
By Editors | 18/08/2022
Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.
Anti-Money Laundering
APG Issues 2022 Annual Typologies Report
By Manesh Samtani | 18/08/2022
The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.
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