ADVERTISEMENT
Fraud, Scams & Cybercrime
Hong Kong Saw Almost HK$400m in Crypto Scams in H1 2022
By Editors | 11/08/2022
Crypt-related scams, job scams and online shopping scams made up the top three types of cybercrimes in Hong Kong in the first half of this year.
Structural Regulation
Taiwan to Allow Securities Firms to Offer More Trust Products
By Darien Choong | 10/08/2022
Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers’ financial planning needs, the FSC said.
Cryptocurrency
Iran Makes First Import Order Using Crypto – Report
By Editors | 10/08/2022
By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.
PEPs & Sanctions
OFAC Sanctions Crypto Mixing Service Tornado Cash
By Manesh Samtani | 09/08/2022
The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.
PEPs & Sanctions
Russia Bars Asset Sales by Investors from Unfriendly Nations
By Editors | 09/08/2022
A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.
KYC & CDD
SEBI Issues Rules on Trading Account Deactivation for Inadequate KYC
By Editors | 09/08/2022
Trading or demat accounts will be automatically deactivated if a show-cause notice or order issued by SEBI is undeliverable at the addresses mentioned in KYC records.
Market Abuse
Taiwan FSC Penalises Eastspring for Violations by Former CIO
By Editors | 09/08/2022
The former chief investment officer used “another person’s account” to trade the same stock that was being traded by Eastspring.
Payments & Settlements
FSB Gives Full Support to Wide LEI Use in Global Payments
By Clare Rowley | 09/08/2022
The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.
Anti-Money Laundering
US Secures Extradition of Former Crypto Exchange Operator
By Editors | 09/08/2022
Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.
PEPs & Sanctions
China Sanctions Pelosi, Halts US Cooperation on Crime, Climate
By Editors | 08/08/2022
China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.