ADVERTISEMENT
Supervision & Enforcement
CBIRC 2020 Penalties Show Emphasis on Personal Accountability
By Editors | 22/05/2021
The CBIRC issued $350mn in fines against 3,178 banks and insurance firms in 2020. The number of individuals punished rose by about 30% from 2019.
Conduct, Culture & Accountability
SEC Penalises S&P Dow Jones Indices for Disclosure Failure
By Ranamita Chakraborty | 22/05/2021
The SEC settled charges against S&P DJI for the dissemination of stale index values which resulted from an undisclosed quality control feature.
Market Abuse
SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs
By Manesh Samtani | 20/05/2021
In a joint statement with the stock exchange, the SFC says it will not hesitate to take enforcement action against intermediaries for IPO-related misconduct.
PEPs & Sanctions
US Postpones Investment Ban on ‘Chinese Military Companies’
By Editors | 20/05/2021
The two-week delay is needed to craft a stronger policy to prohibit trades in companies connected to the Chinese military, including to evaluate the companies on the list.
Market Abuse
ASIC Fines Macquarie Securities A$126,000 Over Algorithm Failure
By Editors | 19/05/2021
Macquarie Securities was meant to conduct a share buyback for a client via ordinary trading, but the trade went through ASX Centre Point, a dark market.
Cryptocurrency
China Renews Crackdown on Cryptocurrencies
By Manesh Samtani | 19/05/2021
Three state-backed associations representing internet firms, banks, and payments companies have barred their members from providing crypto-related services to customers.
PEPs & Sanctions
Proliferation Financing Risk: A Due Diligence Challenge
By Manesh Samtani | 19/05/2021
Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.
PEPs & Sanctions
US, UK, Canada Announce Fresh Sanctions Against Myanmar
By Sanday Chongo Kabange | 18/05/2021
The latest sanctions actions cite attacks and human rights violations against the people of Myanmar, including the killing of children.
Anti-Money Laundering
Former Manager of Sun Life HK Charged for Money Laundering
By Editors | 18/05/2021
The ICAC alleges that the former senior unit manager of Sun Life Hong Kong dealt with crime proceeds totalling over HKD 640,000.
Fraud, Scams & Cybercrime
SG Police Issue Cheating Charges in Nickel Trading Fraud Case
By Editors | 18/05/2021
With the latest charges, Ng Yu Zhi now faces a total of 18 counts of cheating, fraudulent trading and forgery. He will return to court on 28 June.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.