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Market Abuse
Samsung Execs Jailed for Burying Evidence in Accounting Probe
By Editors | 11/12/2019
Employees were ordered to destroy and conceal internal documents, including by burying nearly two dozen computers and notebooks as well as computer servers beneath factory floors.
Market Abuse
SEBI Bans Fidelity Trader and Family Members for Front-Running
By Editors | 10/12/2019
The trader used non-public information to front-run impending trades of Fidelity Group entities with his mother and sister’s trading accounts from Hong Kong.
Anti-Bribery & Corruption
Former CSRC Shandong Official Expelled from CCP For Graft
By Editors | 10/12/2019
Xu Tie was placed under investigation earlier this year, 6 years after his retirement from the Shandong bureau of the CSRC.
KYC & CDD
Sri Lanka to Develop Shared KYC Facility Using Blockchain
By Editors | 06/12/2019
The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.
Fraud, Scams & Cybercrime
ASIC Files Criminal Charges Against Ex-APRA Manager for False Documents
By Editors | 06/12/2019
The former APRA senior manager has been criminally charged for providing false documents to the regulator while serving as CEO of a credit union.
Conduct, Culture & Accountability
Nomura Releases New Code of Conduct for Employees
By Editors | 05/12/2019
Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.
Emerging Prudential Risks
IMF Commends Hong Kong’s Financial System Resilience
By Garima Chitkara | 05/12/2019
The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.
Conduct, Culture & Accountability
ASIC Bans Cold Call Selling of Life Insurance, CCI Products
By Editors | 05/12/2019
The ban on unsolicited cold-call sales of direct life and consumer credit insurance follows a A$700,000 penalty against CBA’s CommInsure for hawking offences.
Fraud, Scams & Cybercrime
ASIC Takes Legal Action Against Unregistered SMSF Scheme Operators
By Editors | 05/12/2019
Investors were encouraged to roll superannuation monies into a self-managed super fund to invest – by way of a loan – in an unregistered scheme operated a former AMP adviser.
Anti-Money Laundering
New Zealand Police Releases AML/CTF Assessment
By Editors | 04/12/2019
NZ Police assessment identified trusts as attractive money laundering vehicles given government plans to exclude them from strengthened beneficial ownership disclosure regime
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