Financial Crime

    Fraud, Scams & Cybercrime

    Singapore Proposes Mandatory SMS Sender Registration to Combat Scams

    By Darien Choong | 18/08/2022

    IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.

    PEPs & Sanctions

    LME Bans Russian Nickel From UK Warehouse Facilities

    By Editors | 18/08/2022

    Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.

    Anti-Money Laundering

    India Freezes Crypto Exchange Assets in Money Laundering Probe

    By Mark Johnston | 18/08/2022

    India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

    Market Abuse

    Korea FSS Targets Illegal Short Selling, FX Transactions

    By Editors | 17/08/2022

    October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

    PEPs & Sanctions

    China Sanctions Taiwanese Politicians Over Official US Visit

    By Editors | 17/08/2022

    China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

    Trading & Investment

    Moscow Reopens Bond Market to ‘Friendly’ Nations

    By Manesh Samtani | 17/08/2022

    Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

    Conduct, Culture & Accountability

    HK Exchange Censures Ping An Securities, Two Former Directors

    By Editors | 16/08/2022

    The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.

    Anti-Money Laundering

    Three Associated with Tornado Cash Allegedly Arrested

    By Manesh Samtani | 16/08/2022

    Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

    Market Abuse

    SEBI Issues Framework to Curb Inadvertent Insider Trading

    By Editors | 15/08/2022

    Company insiders would have their trading automatically restricted while they are in possession of unpublished price sensitive information.

    Market Abuse

    Two JPM Traders Convicted on Spoofing Charges

    By Editors | 15/08/2022

    The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

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