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Market Abuse
Singapore Man Charged Over False Statements in Telegram Chat
By Manesh Samtani | 09/02/2022
The false statements were used to induce investors to trade listed securities. SGX has previously warned about the use of Telegram chat groups in “pump and dump” schemes.
Fraud, Scams & Cybercrime
ASIC Facing Resistance from Banks on Anti-Scam Measures – Report
By Editors | 09/02/2022
ASIC reportedly decided against including scam prevention as part of its ePayments Code review as a result of “fierce pushback” from major banks.
Supervision & Enforcement
Taiwan FSC to Revise Key Threshold Used in Compliance Checks
By Editors | 08/02/2022
The FSC will change a threshold it uses to determine whether to accept a financial institution’s application to start a new business.
Cloud & Infrastructure
GLEIF Publishes Governance Details for Digitally Verifiable LEI
By Manesh Samtani | 08/02/2022
The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.
Emerging Prudential Risks
CBIRC Vows to Continue Efforts to Prevent, Resolve Financial Risks
By Editors | 07/02/2022
The CBIRC said it will dismantle “high-risk shadow banks”, and crack down on illegal financial and fundraising activities, unfair competition, and unlicensed financial businesses.
Market Abuse
US DOJ Probes for Criminal Abuses by Known Short Sellers
By Editors | 07/02/2022
The DOJ is reportedly seeking records from almost 30 investment and research firms to map out their alliances and determine whether they manipulated markets or broke securities laws.
Anti-Money Laundering
AUSTRAC Issues Guidance on Identifying Forced Sexual Servitude
By Editors | 07/02/2022
New financial crime guide provides practical advice to enable banks, businesses, and other FIs to identify and report potential cases of forced sexual servitude.
Fraud, Scams & Cybercrime
Philippines: DOJ, BAP to Collaborate on Combatting Cybercrime
By Ranamita Chakraborty | 07/02/2022
The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.
Cryptocurrency
Crypto Prepares for a Regulated Future
By David Liu | 07/02/2022
As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.
Fraud, Scams & Cybercrime
Australian Billionaire Launches Criminal Proceedings Against Facebook
By Editors | 06/02/2022
Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.
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