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Fraud, Scams & Cybercrime
Korean Prosecutors Impose Flight Ban on Terra Employees
By Editors | 23/06/2022
The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.
Conduct, Culture & Accountability
SFC Cites Conduct, Technology and Climate as Key Priorities
By Editors | 23/06/2022
The SFC’s latest annual report highlights work to enhance book building and placing practices, regulate fund trustees and custodians, and enhance climate disclosure for fund investors.
Anti-Money Laundering
AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions
By Sanday Chongo Kabange | 22/06/2022
AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.
Tokenisation
Taiwan Central Bank Warns Against Investing in NFT Market
By Darien Choong | 22/06/2022
NFTs are not suitable for retail investors, due to a lack of regulation, liquidity, and clarity over ownership, the central bank says.
Payments & Settlements
Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative
By Editors | 21/06/2022
Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.
Market Abuse
Australian Court Sentences CFD Trader for Insider Trading
By Editors | 21/06/2022
The CFD trader made AUD 343,000 in profit by trading on inside information regarding a takeover bid for PanAust Limited.
Anti-Money Laundering
HK Customs Arrests Woman for Suspected Laundering of HK$350m
By Editors | 21/06/2022
The woman used 23 personal bank accounts to launder the money over three years, mostly for shell companies set up by individuals from mainland China.
Fraud, Scams & Cybercrime
Hong Kong: Victims Lost HK$1.28bn from Fraud from Jan-April
By Editors | 21/06/2022
Email fraud accounted for HKD 333 million of losses to companies and individuals in the first four months of this year.
Clearing & Post-Trade
HKEX to Enhance Clearing Flexibility for Stock Trades – Report
By Editors | 21/06/2022
HKEX plans to allow market participants to appoint multiple clearing banks for stock trades, a move already made for futures traders.
Supervision & Enforcement
CBIRC Fined 13 Banks in First Two Weeks of June
By Editors | 21/06/2022
The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.
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