ADVERTISEMENT
Fraud, Scams & Cybercrime
Crypto Crime Reaches Record Levels in Hong Kong
By Editors | 04/08/2021
Victims lost HK$214m in cryptocurrency crimes in the first half of 2021, compared to HK$114.4mn across all of 2020.
PEPs & Sanctions
US Investment Ban on 59 Chinese Companies Takes Effect
By Editors | 04/08/2021
US persons that have not yet divested their holdings in 59 companies that operate in the defence or surveillance technology sectors have until 3 June 2022 to do so.
Anti-Money Laundering
Australian Mining Magnate Charged Over A$38.5m Tax Evasion
By Sanday Chongo Kabange | 03/08/2021
The founder of a mining software and equipment company did not disclose overseas trust assets and evaded income tax over 15 years.
Anti-Money Laundering
NZ FIU Calls on Industry to Ramp Up AML Efforts
By Manesh Samtani | 03/08/2021
The goal is to push criminals to the margins and into the hands of non-compliant operators, where law enforcement can be deployed more effectively.
Anti-Money Laundering
EBA Issues Guidance on Role of AML Compliance Officers
By Editors | 03/08/2021
Where a financial services firm is part of a group, the guidelines provide that a group AML/CFT compliance officer be appointed at the parent company level.
Cryptocurrency
US House Bill Offers Regulatory Framework for Crypto
By Manesh Samtani | 02/08/2021
The bill would give the SEC authority over digital asset securities, the CFTC authority over digital assets, and the Fed authority to issue a digital dollar.
PEPs & Sanctions
Philippine AMLC Issues Guidance on TFS Delisting, Unfreezing Orders
By Sanday Chongo Kabange | 02/08/2021
Designated persons shall apply to the AMLC for authorisation if they wish to deal with or access funds or assets that are frozen due to targeted financial sanctions.
Fraud, Scams & Cybercrime
Korea: Daishin Securities Ordered to Compensate Lime Investors
By Editors | 02/08/2021
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
Credit Risk
CBIRC Fines Eight Lenders Over Property Loan Violations
By Sanday Chongo Kabange | 02/08/2021
China Construction Bank received the biggest penalty of CNY 6.1 million. ICBC and Agricultural Bank of China were fined CNY 1.5 million each.
Anti-Money Laundering
Western Australia Man Jailed for Dealing in Criminal Proceeds
By Editors | 02/08/2021
The man was sentenced to five years jail over A$6.1mn in cash discovered as a result of intelligence gained during Operation Ironside.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.