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Market Abuse
Malaysia SC Probes Share Disposals by AmBank Execs
By Sanday Chongo Kabange | 23/03/2021
Seven executives sold a combined MYR 1.63 million in shares on the same two days in December, just two months ahead of AmBank’s 1MDB settlement.
Market Abuse
CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation
By Editors | 23/03/2021
The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.
Trade Based Money Laundering
Bangladesh TBML Rule Makes Mis-invoicing a Jailable Offence
By Sanday Chongo Kabange | 22/03/2021
A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
Alternative Markets
New Rules for Private Equity Funds Take Effect in Korea
By Ranamita Chakraborty | 22/03/2021
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
Fraud, Scams & Cybercrime
Singapore Police Issue First Charges in Nickel Trading Fraud Case
By Editors | 22/03/2021
At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.
Supervision & Enforcement
CBIRC Finds Violations in XW Bank’s Consumer Loans Business
By Editors | 22/03/2021
Xiaomi-backed digital bank, XW Bank, breached financial regulations for charging over 30 percent interest on consumer loans.
PEPs & Sanctions
EU Sanctions Officials from China, Myanmar, Others
By Editors | 22/03/2021
The EU, US, UK and Canada all imposed sanctions against Chinese officials and entities on Monday, citing human rights abuses in Xinjiang.
Market Abuse
Taiwan Regulators Steps Up Scrutiny of Clubhouse App
By Ranamita Chakraborty | 22/03/2021
The social media app restricts voice recording without the consent of every speaker in a chat room, which may create a loophole for stock manipulators.
Anti-Money Laundering
Korea’s New AML Law for VASPs Set to Take Effect
By Sanday Chongo Kabange | 22/03/2021
From 25 March, VASPs will have six months to register with KoFIU, and must start report suspicious transactions. The travel rule will apply one year later.
Anti-Money Laundering
FATF Seeks Stakeholder Views on Updated VASP Guidance
By Editors | 21/03/2021
Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.
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