ADVERTISEMENT
Anti-Bribery & Corruption
HK Court Finds JP Morgan Banker Not Guilty of Bribery
By Editors | 02/02/2021
The prosecution had accused the banker of employing the son of a client as a bribe to win IPO business for JP Morgan.
Fraud, Scams & Cybercrime
Singapore Authorities Probe Crowdfunding Platform for Misconduct
By Editors | 02/02/2021
The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.
PEPs & Sanctions
Xiaomi Files Suit Against US Govt Over Investment Ban
By Editors | 01/02/2021
The lawsuit says banning US investors from being able to invest in Xiaomi will “cause immediate and irreparable harm” to the company and hurt its global reputation.
Fraud, Scams & Cybercrime
Former NAB Executive Jailed Over Scheme to Defrauding Bank
By Editors | 01/02/2021
An events company was issuing and sending invoices to NAB and the former executive was receiving bribes to ensure they were paid.
KYC & CDD
How Financial Institutions View Digital Identity: Survey
By Editors | 01/02/2021
RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
Market Abuse
Regulators, Lawmakers Express Concerns Over GameStop Trading
By Manesh Samtani | 01/02/2021
Regulators from the US to the UK and Malaysia have issued statements expressing concerns over the heightened volatility seen in the US market over the past week.
Supervision & Enforcement
Germany’s BaFin to Be Reorganised, Top Officials Forced Out
By Editors | 31/01/2021
Finance minister Olaf Scholz said the Wirecard affair revealed a need to reorganise Germany’s system of financial regulation “so that it can fulfil its supervisory role more effectively”.
Conduct, Culture & Accountability
CBIRC Flags Continued Governance Issues at Banks, Insurers
By Editors | 30/01/2021
Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
Supervision & Enforcement
US Regulator Fines Goldman Over Employee Fingerprinting
By Editors | 28/01/2021
FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.
Custody & Infrastructure
BSP Updates VASP Rules to Align with FATF Requirements
By Editors | 28/01/2021
The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.