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Market Abuse
ASIC Offers Immunity to Market Misconduct Whistleblowers
By Editors | 25/02/2021
Under ASIC’s new immunity policy, individuals who have engaged with others to commit market misconduct offences can seek immunity by reporting the misconduct.
Fraud, Scams & Cybercrime
FSS Korea Orders Woori, IBK to Compensate Lime Investors
By Editors | 25/02/2021
The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.
Fraud, Scams & Cybercrime
Singapore Police Set to Charge Suspect in Covid-19 Scam
By Editors | 24/02/2021
Last March, the suspect used the identity of a legitimate company to advertise and sell surgical masks and hand sanitisers that were never delivered.
PEPs & Sanctions
Financial Crime Challenges and Opportunities for the Year Ahead
By Editors | 24/02/2021
Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.
Liquidity Risk
RBI Issues New Regulatory Framework for Housing Finance Companies
By Ranamita Chakraborty | 24/02/2021
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
Anti-Money Laundering
Australian Police Charge Man for Crypto Related Money Laundering
By Editors | 23/02/2021
Police say the Sydney man directed “money launderers for hire” to convert nearly A$5.5mn of cash into bitcoin on his behalf.
Anti-Money Laundering
OJK to Require P2P Lenders to Report Transactions From 1 April
By Editors | 23/02/2021
The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.
Anti-Money Laundering
New Report Identifies 11 Indicators of Modern Slavery Risk
By Editors | 22/02/2021
Based on an analysis of globally prosecuted cases of modern slavery, FairSupply Analytics has identified 11 indicators to help FIs detect modern slavery.
Cybersecurity
RBI Enhances Security Requirements for Digital Payment Apps
By Editors | 21/02/2021
The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.
Payments & Settlements
BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon
By Editors | 21/02/2021
Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.
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