ADVERTISEMENT
Anti-Money Laundering
PBOC Set to Establish Beneficial Ownership Register
By Manesh Samtani | 27/12/2021
Companies, partnerships, and branches of foreign companies will have until 1 March 2023 to file their beneficial ownership information.
Fraud, Scams & Cybercrime
HK ICAC Charges Six Former AXA Employees For Fraud
By Editors | 24/12/2021
The ICAC charged the six former employees with conspiracy to defraud AXA of over HKD 950,000 in commissions and bonuses.
Liquidity Risk
UK Regulator Fines StanChart Over Liquidity Reporting Errors
By Editors | 24/12/2021
The PRA said StanChart’s internal controls and governance arrangements underpinning its regulatory reporting were not implemented or operating effectively.
Fraud, Scams & Cybercrime
Australian Court Fines Mayfair Companies for Misleading Advertising
By Sanday Chongo Kabange | 24/12/2021
Four Mayfair companies were fined a combined A$30mn for “deliberately” misleading investors into buying highly speculative and risky investment products.
Market Abuse
US Authorities Criminally Convict NatWest on Spoofing Charges
By Editors | 24/12/2021
NatWest traders engaged in schemes to defraud in connection with spoof orders designed to profit from manipulation of the US Treasury securities and futures markets, the DOJ said.
Anti-Money Laundering
KoFIU Completes Initial Review of VASP Business Registrations
By Mark Johnston | 24/12/2021
In all, 29 VASPs have been approved out of a total 42 that filed for registration by the 24 September deadline. Decisions on five entities are still pending.
Cloud & Infrastructure
HKMA Asks Banks for ‘Active Participation’ in CDI Initiative
By Editors | 23/12/2021
The HKMA is seeking to link the new CDI to the Commercial Credit Rating Agency and Companies Registry to enhance risk management in the banking industry.
Anti-Money Laundering
Regulation Asia: Top 20 News Stories for 2021
By Editors | 23/12/2021
This list presents the most-read new stories published by Regulation Asia in 2021, based on aggregated user traffic analytics.
Anti-Money Laundering
Regulation Asia: Top Ten Contributed Articles for 2021
By Editors | 23/12/2021
This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
Fraud, Scams & Cybercrime
BSP Identifies Other Banks, Non-banks Involved in BDO Hack
By Editors | 23/12/2021
A BSP task force will submit recommendations to the Monetary Board by mid-January 2022, which may include sanctions and penalties for the involved banks.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.