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PEPs & Sanctions
GCFFC Task Force to Drive Sanctions Compliance in Crypto
By Editors | 17/04/2022
The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.
Anti-Money Laundering
FSA Offers Update on Work to Strengthen Japan’s AML System
By Manesh Samtani | 17/04/2022
Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.
Fraud, Scams & Cybercrime
Vietnam Rushes to Finalise Regulatory Framework for Fintech Activities
By Mark Johnston | 17/04/2022
The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.
Supervision & Enforcement
Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps
By Editors | 14/04/2022
Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.
Cryptocurrency
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
PEPs & Sanctions
Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto
By Editors | 14/04/2022
The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.
Market Abuse
Tokyo Prosecutors Indict SMBC Nikko Securities Deputy President
By Editors | 14/04/2022
The former deputy president is suspected of colluding with other staff to illegally manipulate stock prices to keep block trade deals with clients from falling through.
Anti-Money Laundering
AUSTRAC Offers Update on Work to Enhance Reporting System
By Editors | 13/04/2022
The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.
Conduct, Culture & Accountability
SFC Bans China Tonghai Securities Representative for 20 Months
By Editors | 12/04/2022
The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.
Market Abuse
Shanghai Bourse Probes First STAR Market Securities Fraud Case
By Editors | 12/04/2022
An optical storage equipment supplier is being investigated for failing to disclose that it granted loans to shareholders and other entities in exchange for pledged assets.
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