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PEPs & Sanctions
EU Imposes First Sanctions Against Cyber Attackers
By Editors | 03/08/2020
Measures will be taken against six individuals and three entities, including travel bans, asset freezes, and a prohibition on obtaining funding from the EU.
Trading & Investment
China Mulls Allowing Domestic PE Funds to Invest Overseas
By Editors | 03/08/2020
The foreign exchange regulator will this year explore reforms to allow private equity investment funds to invest overseas.
Fraud, Scams & Cybercrime
ATO Commences Pilot Audit of Early Super Withdrawal Scheme
By Editors | 03/08/2020
The tax office is contacting Australians who withdrew their superannuation funds early to assess if the need was genuine, and whether they should be penalised.
Anti-Money Laundering
Ex Coutts Banker Fined Over $700m 1MDB Transfer
By Editors | 03/08/2020
The former Coutts & Co banker approved a $700mn transfer request from Jho Low, the alleged mastermind behind the 1MDB scandal, despite repeated red flags.
Emerging Prudential Risks
PBOC Extends Deadline for New Asset Management Rules
By Lucy Zhang | 02/08/2020
The transitional period for new rules for the asset management sector will be extended by one year to end-2021, the PBOC said.
Anti-Money Laundering
Pakistan Senate Passes Amendments to Anti-Terrorism, UNSC Laws
By Editors | 31/07/2020
The amendments raise the maximum penalties for violating anti-terrorism laws, and empower the government to implement UN Security Council resolutions.
Fraud, Scams & Cybercrime
S. Korean Regulators Apologise for Private Fund Losses
By Editors | 30/07/2020
The FSC has meanwhile released new administrative guidance on private funds, aimed at strengthening supervision of the sector.
Anti-Money Laundering
HKMA Issues AML Guidance to Banks As Pandemic Persists
By Manesh Samtani | 30/07/2020
The guidance sets out key practices banks have been using to manage customer due diligence, resource pressure, and emerging threats in the context of Covid-19.
Emerging Prudential Risks
Third Global Financial Crisis May Be Imminent: ex-HKMA Chief
By Sanday Chongo Kabange | 30/07/2020
Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.
Conduct, Culture & Accountability
Malaysia Issues Director Conduct Guidelines for Listed Issuers
By Editors | 30/07/2020
The guidelines set out the obligations of directors of listed companies and their subsidiaries, and requirements for the establishment of group-wide frameworks.
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