LATEST NEWS

AML / KYC

India: ICAI Probes 200 Accountants Over Shell Company Setups

By Editors | 26/09/2022

Around 200 chartered accountants are subject to a probe involving shell companies established in India by Chinese firms.

ESG / Sustainability

US Banks Threaten to Quit GFANZ Over Legal Risks

By Editors | 26/09/2022

JPMorgan, BofA and Morgan Stanley are concerned about being sued over increasingly stringent decarbonisation commitments.

Fintech / Regtech

SEBI to Tighten Rules on Algo Trading Offered to Retail

By Editors | 26/09/2022

SEBI will scrutinise firms offering algorithmic trading services that claim high returns but cannot be audited or validated.

Taiwan to Allow Insurers to Bring Investment Income Home

By Editors | 26/09/2022

Taiwan’s central bank may allow insurers to remit their overseas investment income back home to ease pressure on the TWD.

Crypto / Digital Assets

Korea’s New Rules for Crypto Will Have to Wait

By Sanday Chongo Kabange | 26/09/2022

An FSC official said new legislation for the crypto sector will only be effective if there is international consistency.

Enforcement

Interpol Issues Red Notice for Terraform Labs Founder

By Mark Johnston | 26/09/2022

The red notice for Do Kwon was issued at the request of Korean prosecutors, who say he is wanted for alleged capital market violations.

Crypto / Digital Assets

ICMA Publishes Guidance on DLT-based Bonds

By Editors | 26/09/2022

The FAQs are designed to provide “non-experts” a basic understanding of DLT bonds and their impact on capital markets.

Fintech / Regtech

HKMA Issues Guidance on Protecting Payment Card Data

By Manesh Samtani | 26/09/2022

The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.

US Banks Pledge to Take Government’s Lead on Taiwan Issue

By Editors | 26/09/2022

JPMorgan Chase, Bank of America and Citigroup would exit China if so ordered by the US government in response to an attack on Taiwan.