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Cryptocurrency
Japanese Crypto Exchange Operator to Close Shop
By Editors | 24/08/2019
Tech Bureau Corp – the ex-operator of hacked exchange Zaif – will become the first FSA-registered crypto exchange operator to shut down its operations.
Anti-Money Laundering
Investors Accuse BSEC Chairman of Embezzlement, Money Laundering
By Editors | 24/08/2019
The chairman of Bangladesh’s securities regulator is alleged to have approved IPOs for companies that falsified their financial statements to show higher profitability.
Structural Regulation
SEBI Eases Requirements for FPI Registration
By Editors | 23/08/2019
SEBI has consolidated 57 circulars and 183 FAQs issued over the years into a single circular for FPIs, easing several requirements in the process.
Conduct, Culture & Accountability
ANZ New Zealand to Review Internal Financial Reporting Processes
By Editors | 23/08/2019
The FMA has determined that ANZ should have disclosed the sale of a luxury property to its ex-CEO’s wife at below-market prices as a related party transaction.
Market Abuse
SEBI Targets Insider Trading with Informant Reward Mechanism
By Editors | 22/08/2019
Whistleblowers will be eligible for rewards up to $139,000 and, if culpable themselves, for amnesty or settlement with SEBI.
Conduct, Culture & Accountability
ASIC to Monitor Progress to End Conflicted Remuneration
By Editors | 22/08/2019
ASIC will investigate the steps licensed entities are taking to end grandfathered conflicted remuneration for financial advisers and whether the benefits are passed on to clients.
Anti-Money Laundering
Australia Introduces Bill to Criminalise Cash Payments Over A$10,000
By Editors | 22/08/2019
Under the proposed law, Australians would face up to two years’ jail and A$25,200 in fines if cash transactions between business and individuals exceed A$10,000.
Anti-Money Laundering
NTU Singapore to Develop New Tools to Fight Money Laundering
By Editors | 22/08/2019
Supported by the MAS and Singapore’s major banks, the project seeks to help wealth managers address money laundering risks with new AI and machine learning capabilities.
Fraud, Scams & Cybercrime
Former NAB Branch Manager Pleads Guilty to Fraud
By Editors | 22/08/2019
The former branch manager has already received a permanent ban from ASIC for making false and misleading statements to NAB in relation to 24 home loan applications.
Market Abuse
CSRC Fines Four Individuals for Spreading False News
By Editors | 22/08/2019
The individuals, including a news editor, were fined for spreading ‘fabricated’ news that the CSRC blames for stock market declines in late January.
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