LATEST NEWS

Securities / Derivatives

Indonesia OJK Issues New Short Selling Regulations

By Editors | 03/05/2024

OJK said the regulations will ensure robust risk management and regulatory compliance by securities companies.

Enforcement

JPMorgan to Pay Penalty to 3rd Regulator in Surveillance Case

By Nithya Subramanian | 03/05/2024

Following fines from the OCC and Fed announced in March, JPM said it has to pay $100m to a third regulator, identified in reports as the CFTC.

Fintech / Regtech

US CFTC Appoints First-Ever Chief AI Officer

By Sanday Chongo Kabange | 03/05/2024

The role will involve leading the development of the CFTC’s enterprise data and AI strategy and advancing its data-driven capabilities.

Securities / Derivatives

SEBI Allows NRIs, OCIs to Fully Own GIFT City FPIs Entities

By Ajoy K Das | 03/05/2024

Non-resident Indians and overseas citizens of India will be allowed to own up to 100 percent in FPIs, compared to just 50 percent previously.

Fintech / Regtech

DBS Experiences Disruption Days After MAS Lifts Restrictions

By Nithya Subramanian | 03/05/2024

Customers of the Singapore bank experienced internet banking and payment services disruptions for more than two hours on Thursday.

Enforcement

SFC Starts Insider Dealing Prosecution Against Hedge Fund

By Sanday Chongo Kabange | 03/05/2024

The SFC is prosecuting Segantii Capital Management, its founder Simon Sadler, and former trader Daniel La Rocca for insider dealing.

AML / KYC

Australia Consults on Anti-Foreign Bribery Guidance

By Editors | 03/05/2024

The consultation follows the passage of legislation in February to introduce the new “failure to prevent” foreign bribery offence.

AML / KYC

Singapore: Two More Sentenced in Money Laundering Case

By Nithya Subramanian | 03/05/2024

Cambodian Su Baolin and Chinese national Zhang Ruijin were sentenced to jail and required to forfeit a combined S$183mn in assets.

Enforcement

Canada’s FINTRAC Imposes AML Penalty on TD Bank

By Mark Johnston | 03/05/2024

The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.