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Cryptocurrency
2018 Circular Prohibiting Crypto Dealings Not Valid, RBI Clarifies
By Sanday Chongo Kabange | 01/06/2021
The RBI has clarified that its 2018 circular prohibiting cryptocurrency dealings is no longer valid, and should not be cited or quoted from.
Anti-Money Laundering
Why Asia Needs to Know About a German Supply Chain Law
By Elke Biechele. RisikoTek | 01/06/2021
A more evidence-driven approach to supply chain due diligence is needed as human rights and environmental risk come into focus, writes Elke Biechele.
Cryptocurrency
Leveraged Crypto Trading Threatens Financial System: BOK
By Sanday Chongo Kabange | 31/05/2021
High leverage, price volatility and increased trading in crypto assets puts households at risk of financial damages, which could impact the financial system.
Fraud, Scams & Cybercrime
ASIC Files Federal Court Suit Against AMP Companies
By Editors | 30/05/2021
ASIC has taken court action against AMP for charging deceased customers insurance premiums and advice fees. AMP has already remediated the impacted customers.
Market Abuse
Philippine Court Jails Broker for Illegal Trading in 1999
By Editors | 30/05/2021
The court’s decision represents the first conviction won by the SEC after two decades of pursuing stockbrokers and investors linked to the case.
Anti-Bribery & Corruption
CSRC Chongqing Bureau Director Removed for Corruption
By Editors | 29/05/2021
The CCDI and CSRC said corruption and bribery ran throughout Mao Bihua’s career. The case has been referred to prosecutors.
Conduct, Culture & Accountability
ASIC Files Criminal Charges Against ME Bank
By Editors | 29/05/2021
ME bank made “false or misleading” representations in home loan customer communications and failed to give timely notice of changes to the loan terms.
PEPs & Sanctions
HK Bankers Threatened With Jail Under National Security Law
By Editors | 29/05/2021
Letters sent to HSBC and Citibank threaten up to seven years’ jail for any dealings with Hong Kong accounts belonging to media tycoon Jimmy Lai.
Trading & Investment
CBIRC Directs Banks to Stop Selling Commodities Futures – Report
By Sanday Chongo Kabange | 28/05/2021
The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.
Anti-Money Laundering
DOJ Settles Julius Baer Money Laundering Probe for $80m
By Sanday Chongo Kabange | 28/05/2021
Julius Baer admitted it conspired to launder over $36mn in bribes through the US to soccer officials with FIFA and other soccer federations.
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