Financial Crime

    Cryptocurrency

    Korea FSS Probes Use of Crypto by Payment Firms

    By Manesh Samtani | 04/06/2022

    Regulators also plan to launch a ‘Digital Assets Committee’ this month to bring additional safeguards and regulatory structure to Korea’s crypto industry.

    Structural Regulation

    China Cracks Down on Listed Company Business with Finance Companies

    By Darien Choong | 04/06/2022

    The CSRC and CBIRC are jointly cracking down on related-party and affiliated transactions involving listed companies and finance companies.

    Market Abuse

    CFTC Files Suit Against Winklevoss-founded Crypto Exchange

    By Editors | 03/06/2022

    The CFTC says Gemini misled the regulator about whether it could prevent manipulation in the prices used as a benchmark for a bitcoin futures contract.

    PEPs & Sanctions

    US to Seek New UN Sanctions if DPRK Tests Nuclear Weapon

    By Editors | 03/06/2022

    The US tried to impose new UN sanctions on North Korea last week but the resolution was vetoed by China and Russia.

    Fraud, Scams & Cybercrime

    Singapore Banks to Adopt More Scam Prevention Measures

    By Darien Choong | 02/06/2022

    The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.

    PEPs & Sanctions

    US Issues New Russia Sanctions, EU Approves 6th Package

    By Editors | 02/06/2022

    The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.

    Conduct, Culture & Accountability

    CSRC to Strengthen Integrity of Securities Issuance Practices

    By Editors | 02/06/2022

    The guidelines aim to improve systems and mechanisms used by intermediaries to prevent dishonest practices and corruption in securities issuance activities.

    Reporting & Disclosures

    DWS CEO Quits Over Greenwashing Accusations

    By ESG Investor | 02/06/2022

    Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.

    Market Abuse

    Korea FSS to Form Taskforce Targeting Illegal Short Selling

    By Editors | 02/06/2022

    The task force will first conduct fact-finding inspections and investigate areas with a high probability of short selling violations.

    Market Abuse

    Ex-OpenSea Employee Charged for Insider Trading in NFTs

    By Editors | 02/06/2022

    The former product manager traded on confidential information about which NFTs were going to be featured by OpenSea’s website.

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