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PEPs & Sanctions
SGX Issues Directions to Listed Issuers on Sanctions Compliance
By Manesh Samtani | 08/03/2022
Gazprom’s GDR listing on SGX has been suspended. Issuers are directed to suspend trading if they are subject to sanctions or engaging in sanctioned business dealings with Russia.
PEPs & Sanctions
New Zealand to Pass Russia Sanctions Bill This Week
By Manesh Samtani | 08/03/2022
The bill will pass “under urgency” this week, to provide further, extensive sanctions on Russia and individuals and companies connected to the Russian government.
Market Abuse
Indian Police Arrest Former NSE Head Chitra Ramkrishna
By Sanday Chongo Kabange | 07/03/2022
The CBI said evidence shows that Ramkrishna engaged in a conspiracy with another executive, after she coerced NSE’s HR department to hire him.
Anti-Money Laundering
Bangladesh to Investigate Allegations in Panama, Paradise Papers
By Editors | 07/03/2022
A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.
Market Abuse
SMBC Nikko Employees Arrested in Manipulation Probe
By Editors | 07/03/2022
Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.
PEPs & Sanctions
Russia Lays Out Three Exit Options for Foreign Firms
By Manesh Samtani | 07/03/2022
One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.
PEPs & Sanctions
Singapore Sanctions Four Russian Banks, Imposes Other Restrictions
By Manesh Samtani | 06/03/2022
FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.
Anti-Money Laundering
FATF Plenary Finalises New Beneficial Ownership Requirements
By Manesh Samtani | 06/03/2022
Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
Anti-Money Laundering
FATF Concerned About Impact of Ukraine Invasion on Risk Environment
By Editors | 06/03/2022
Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.
Anti-Money Laundering
KoFIU Directs Crypto Exchanges to Improve AML Staffing
By Sanday Chongo Kabange | 05/03/2022
The proportion of staff dedicated to AML compliance at Korea’s crypto exchanges stands at around 8 percent.
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