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Cryptocurrency
Crypto Should Re-examine Relationship with Regulators, and Vice Versa
By Andy Meehan | 25/09/2021
Andy Meehan says greater collaboration is needed between industry players and regulators to advance ‘sensible’ regulation and ensure the public is properly educated.
Supervision & Enforcement
CBIRC Revises Regulatory Rating System for Banks
By Editors | 25/09/2021
The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.
Anti-Bribery & Corruption
China Targets Corruption with New Supervision Law
By Sanday Chongo Kabange | 25/09/2021
Supervisors are asked to crack down on the use of offshore companies and underground banks to transfer illegal income and property involved in duty-related crimes.
Cryptocurrency
PBOC Intensifies Crackdown on Cryptocurrency Activity
By Editors | 25/09/2021
Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.
Conduct, Culture & Accountability
ASIC Publishes Final Guidance on Anti Hawking Regime
By Ranamita Chakraborty | 24/09/2021
The guidance emphasises the need for firms to maintain records of consumers giving consent to be sold financial products as a way to demonstrate compliance.
Anti-Bribery & Corruption
China: Ex-Citic Group Executive Gets 18 years Jail for Bribes
By Editors | 24/09/2021
Zhao Jingwen was sentenced to 18 years in prison and fined CNY 3.2 million for embezzlement and receiving CNY 5.5 million in bribes.
Anti-Money Laundering
FATF Report Highlights Opportunities for Japan’s FIs
By Matthew Field | 24/09/2021
Matthew Field discusses how Japan’s FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
Cryptocurrency
Korea: Deadline for Crypto Exchanges to Register Arrives
By Sanday Chongo Kabange | 23/09/2021
Five crypto exchanges and one wallet provider have so far submitted their registration documents. Only Upbit has been formally approved by the FSC.
Market Abuse
ASIC Warns of Social Media ‘Pump and Dump’ Campaigns
By Editors | 23/09/2021
ASIC calls on market participants and listed companies to be on the lookout for and report suspected ‘pump and dump’ activity in listed securities.
Market Abuse
CFTC Investigates Binance for Possible Insider Trading
By Manesh Samtani | 22/09/2021
Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.
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