Financial Crime

    Cybersecurity

    Malaysia Reassures Public After Data Breach at Payments Firm

    By Editors | 15/08/2022

    The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

    Structural Regulation

    Five Chinese Heavyweights to Delist from US Exchanges

    By Editors | 15/08/2022

    The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.

    Anti-Money Laundering

    INTERPOL Launches Global Money Mule Awareness Campaign

    By Editors | 15/08/2022

    The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

    Fraud, Scams & Cybercrime

    China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

    By Editors | 14/08/2022

    Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.

    KYC & CDD

    Taiwan FSC Again Fines HK Firm for Faulty Beneficiary Disclosure

    By Editors | 14/08/2022

    Hong Kong-based Capital Target was fined last May and ordered to reduce its shareholdings in a Taiwanese financial conglomerate.

    Anti-Money Laundering

    INTERPOL Calls for Urgent Action to Tackle Pollution Crime

    By Sanday Chongo Kabange | 12/08/2022

    Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.

    Cryptocurrency

    FSC Korea Starts Work on New Crypto Legislation

    By Editors | 12/08/2022

    The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

    Alternative Markets

    FCA Sets Out Supervisory Priorities for Alternative Funds

    By Manesh Samtani | 11/08/2022

    Firms offering ESG products should expect to be subject to review to ensure marketing materials are not misleading.

    Structural Regulation

    RBI to Adopt New Measures to Regulate Digital Lending

    By Manesh Samtani | 11/08/2022

    The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.

    Anti-Money Laundering

    Former BitMEX Exec to Pay Fine for Violating AML Law

    By Editors | 11/08/2022

    The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

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