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Anti-Money Laundering
DOJ Calls for Stronger International Cooperation on Crypto Crime
By Editors | 08/06/2022
The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.
Fraud, Scams & Cybercrime
Investment Scams On the Rise in Australia: ACCC
By Editors | 08/06/2022
Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.
Cryptocurrency
US Senators Propose Regulatory Framework for Crypto Assets
By Manesh Samtani | 08/06/2022
The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.
Supervision & Enforcement
GCFFC Forms New Technology Experts Working Group
By Editors | 08/06/2022
The working group will identify areas of the fighting financial crime ecosystem that would benefit most from available technology upgrades.
Supervision & Enforcement
OJK Indonesia to Enhance Regulatory Cooperation with APRA, FSA
By Editors | 08/06/2022
The APRA MoU is focused on banking and insurance supervision. The FSA agreement focuses on digital innovation in the financial services sector.
Fraud, Scams & Cybercrime
RBI Opens Applications for Fourth Sandbox Cohort
By Editors | 06/06/2022
The fourth sandbox cohort will focus on preventing fraud. Eight entities have also been selected to participate in the third cohort on MSME lending.
Conduct, Culture & Accountability
China: New Rules for Insurers Target Related Party Transactions
By Darien Choong | 06/06/2022
The CBIRC has also named 43 more shareholders of banks and insurers who it says have violated regulations.
Anti-Money Laundering
EU Proposes to Make AML Compliance a Licence Condition
By Editors | 05/06/2022
EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.
Anti-Bribery & Corruption
Former CSRC Official Sentenced to Death With Reprieve
By Editors | 05/06/2022
A former CSRC official and Communist Party city chief was found to have taken $41mn in bribes between 2004 and 2020.
Stablecoins
Japan Approves Law Clarifying Legal Status of Stablecoins
By Manesh Samtani | 05/06/2022
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
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