ADVERTISEMENT
Fraud, Scams & Cybercrime
Japan FSA to Mandate Stricter ID Checks for E-payments
By Editors | 20/10/2020
The FSA plans to revise its guidelines for bank transfers to e-payment service providers in response to a series of fraudulent withdrawals.
Anti-Money Laundering
AUSTRAC Launches AML Investigation into Crown Resorts
By Editors | 20/10/2020
The probe is related to Crown’s use of casino junkets to bring wealthy gamblers to its Melbourne casinos and possible non-compliance with due diligence and AML requirements.
PEPs & Sanctions
OFAC Settles Iran Sanctions Case with Berkshire Hathaway
By Editors | 20/10/2020
A Berkshire subsidiary knowingly exported cutting tools and related inserts to Turkish distributors to then be shipped to a distributor in Iran for resale to Iranian end-users.
Anti-Bribery & Corruption
Goldman US Penalty Over 1MDB to be Announced ‘Within Days’
By Editors | 20/10/2020
Goldman Sachs Group has reportedly reached a more than $2bn settlement with the US DOJ over its role in Malaysia’s 1MDB scandal.
Market Abuse
SFC Imposes 24-month Market Ban for Takeovers Code Breach
By Sanday Chongo Kabange | 20/10/2020
The mandatory general offer obligation under the Takeovers Code was triggered 20 times by AV Concept Holdings chairman and his concert parties.
Supervision & Enforcement
Australian Court Orders Penalty Against NAB Over Introducer Programme
By Editors | 19/10/2020
The penalty was discounted due to NAB’s cooperation with ASIC and its admissions that it contravened the law by using unlicenced home loan referrers.
Conduct, Culture & Accountability
ASIC, Volkswagen Financial Services Settle Responsible Lending Case
By Sanday Chongo Kabange | 19/10/2020
Volkswagen Financial Services Australia will provide remediation worth an estimated A$4.7mn to approximately 1,800 loan consumers.
Market Abuse
FSS Korea to Launch Probe Into Samsung Securities
By Editors | 18/10/2020
Samsung Securities allegedly intervened to secure support from shareholders of a Samsung entity for a 2015 merger while also acting as adviser to the other party in the transaction.
Trading & Investment
China Vows to Improve Quality of Listed Companies
By Editors | 18/10/2020
A new State Council guideline promotes the issuance of domestic shares to purchase overseas assets, and greater inbound investment from qualified foreign investors.
Market Abuse
Hong Kong: CMBC Capital, Directors Penalised for Late Disclosure
By Editors | 18/10/2020
CMBC Capital did not make information about significant improvement in the company’s financial performance public in a timely manner.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.