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PEPs & Sanctions
UK Requires Crypto Firms to Report Sanctions Breaches
By Editors | 26/07/2022
New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.
Fraud, Scams & Cybercrime
Korea: Terra Investigators Seize Records from Crypto Firms
By Editors | 26/07/2022
Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.
Trade Based Money Laundering
Panel 2: Disrupted Trade: Supply Chains, Global Security, and Money Laundering
By Editors | 25/07/2022
This panel discusses the pressures supply chains are under due to trade restrictions, sanctions, and pandemic-related disruptions.
PEPs & Sanctions
Panel 1: Redefining Risk: Sanctions and the Global Battle Against State-Backed Bad Actors
By Editors | 25/07/2022
This panel will discuss opportunities this presents to crack down on corruption and illicit financial flows, as the global tide turns against kleptocracy.
Anti-Money Laundering
Regulatory Keynote: Innovative Ways of Working in AML/CFT
By Editors | 25/07/2022
The keynote address at Fraud & Financial Crime Asia 2022 was delivered by Carmen Chu, Executive Director (Enforcement and AML) at the HKMA.
Anti-Money Laundering
FATF Offers Guidance on Private Sector Information Sharing
By Editors | 25/07/2022
The report features information sharing case studies from the UK, Singapore, Netherlands, the US, Estonia, and Germany.
Market Abuse
US DOJ Charges Ex-Coinbase Employee for Insider Trading
By Manesh Samtani | 25/07/2022
A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.
PEPs & Sanctions
Russia Creates Hurdles for Foreign Banks Trying to Exit
By Manesh Samtani | 24/07/2022
Societe Generale is the only major bank that has exited Russia so far. HSBC has struck a deal to sell its Russian business but will need regulatory approval.
Conduct, Culture & Accountability
UK FRC Scrutinises Audit Firms’ Exam Cheating Controls
By Editors | 24/07/2022
The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.
Liquidity Risk
RBI Imposes Restrictions on Two Cooperative Banks
By Editors | 24/07/2022
The RBI said depositors of the two banks may not with funds, but they may use their deposits to set off loans.
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