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AML / KYC
Philippine NPO Sector Rated as Medium Risk for Terrorist Financing
By Sanday Chongo Kabange | 12/04/2022
The SEC warns that suspected or actual misuse of the NPO sector for terrorism financing can present serious ramifications for an NPO’s intended beneficiaries.
AML / KYC
New York Court Convicts Ex-Goldman Exec in 1MDB Case
By Editors | 11/04/2022
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
Securities / Derivatives
Thai SEC to Allow Use of Foreign Custodians in DR Issuance
By Editors | 10/04/2022
Under revised guidelines, depository receipt issuers can directly appoint a global custodian or foreign agent to hold overseas securities.
Fintech / Regtech
Thai Crypto Firms Required to Issue Transaction Reports to Clients
By Editors | 07/04/2022
From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.
AML / KYC
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
AML / KYC
US, UK Announce New Russia Sanctions, EU to Ban Coal Imports
By Manesh Samtani | 06/04/2022
New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.
Securities / Derivatives
Thai SEC to Relax Rules on Mutual Fund Advertising
By Editors | 05/04/2022
The changes are being made to reduce regulatory burden and minimise duplication of regulations, the SEC said.
Securities / Derivatives
CSRC Proposes Rule Amendments to Resolve US Audit Dispute
By Darien Choong | 05/04/2022
The draft amendments will allow US regulators to inspect the audit working papers of Chinese companies listed in the US.
AML / KYC
Japan, US Impose More Sanctions Over DPRK Missile Tests
By Mark Johnston | 05/04/2022
Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.
Enforcement
Philippine SEC to Form Dedicated Unit Targeting Abusive Lending
By Editors | 04/04/2022
The government is seeking to prevent and penalise abusive debt collection practices, misrepresentations, and unreasonable terms and conditions.
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