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Market Abuse
FSC Korea Prepares to Lift Ban on Illegal Short Selling
By Sanday Chongo Kabange | 16/01/2021
The FSC has revised the FSCMA enforcement decree as part of efforts to strengthen penalties for illegal short selling, as it prepares to lift a ban on short selling in March.
Market Abuse
NAFMII Identifies Regulatory Breaches at Haitong Securities
By Editors | 14/01/2021
The breaches have been reported to the PBOC and CSRC, which are likely to issue penalties to Haitong Securities and its subsidiaries.
Market Abuse
Taiwan Central Bank Probes for Suspected Currency Speculation
By Editors | 14/01/2021
The Taiwan dollar is up 1.4% against the US dollar this year, raising concerns from the government that Taiwan could be labelled a manipulator by the US.
PEPs & Sanctions
State Street to Resume Buying Sanctioned Stocks for Tracker Fund
By Editors | 14/01/2021
Two days after State Street said it would not be able to buy shares in US-sanctioned stocks, the company has said it will resume these investments to continue tracking the Hang Seng Index.
Anti-Money Laundering
PBOC Tripled AML Penalties in 2020 Compared to 2019
By Editors | 13/01/2021
Failures to perform customer identification and to report lar-value and suspicious transactions were the most frequent reason for the penalties.
PEPs & Sanctions
HKMA May Replace State Street as Manager of Tracker Fund
By Editors | 13/01/2021
State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.
Supervision & Enforcement
BSP Deploys New Supervisory Assessment Framework
By Editors | 12/01/2021
SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.
Anti-Bribery & Corruption
Australian Police Make Arrest as Part of Foreign Bribery Probe
By Editors | 12/01/2021
The arrest is part of an investigation by UK, US and Australian authorities into the payment of bribes to officials in Iraq and other countries to secure oil contracts.
Anti-Bribery & Corruption
Ex-China Development Bank Chairman Sentenced to Life in Prison
By Editors | 11/01/2021
The former chairman of China’s largest policy bank took 85.5mn yuan in bribes to facilitate financing for others including CEFC China Energy and HNA Group.
Anti-Money Laundering
Singapore Money Remittance Sector Poses High TF Risk: MAS
By Manesh Samtani | 11/01/2021
Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
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