Financial Crime

    Trading & Investment

    Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

    By Editors | 21/06/2022

    HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.

    Anti-Money Laundering

    UK Crypto Firms Required to Comply with Travel Rule by Sep 2023

    By Manesh Samtani | 20/06/2022

    The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.

    Market Abuse

    BIS Bulletin Raises Concerns Over Front-running by Crypto Miners

    By Editors | 20/06/2022

    Crypto miners can choose which transactions they add to ledgers and in which order, allowing them to front-run markets.

    Fraud, Scams & Cybercrime

    CBIRC Warns of Online Fraudsters Impersonating Regulators

    By Editors | 19/06/2022

    This is the fourth fraud risk warning issued by the CBIRC this year. Consumers are asked to remain vigilant and report fraud attempts.

    Anti-Money Laundering

    FATF Concludes Final Plenary Under German Presidency

    By Editors | 19/06/2022

    FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.

    Market Abuse

    US SEC Probes Insider Trading Controls at Crypto Firms: Reports

    By Editors | 19/06/2022

    The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.

    Fraud, Scams & Cybercrime

    Malaysia SC Charges Former Investment Banker for Deception

    By Editors | 19/06/2022

    The former Hong Leong investment banker deceived four investors into investing in investment schemes that in reality did not exist, the SC said.

    Anti-Money Laundering

    EBA Finalises Guidance for AML/CFT Compliance Officers

    By Editors | 19/06/2022

    The guidelines comprehensively address, for the first time at the EU level, the whole AML/CFT governance set-up at financial institutions.

    Fraud, Scams & Cybercrime

    Australia: Allianz, AWP Plead Guilty for Making False Statements

    By Editors | 19/06/2022

    Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.

    Market Abuse

    Australian Court Fines Money Transfer Firm for Exchange Rate Fixing

    By Editors | 18/06/2022

    Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.

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