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ESG / Sustainability
Singapore Launches Sustainable Finance Training for Asset Managers
By Ranamita Chakraborty | 25/05/2023
IMAS is introducing sustainable finance training courses to enhance capacity building within the asset management industry.
Enforcement
HK SFC Disqualifies Former Luxey International Directors
By Ranamita Chakraborty | 25/05/2023
A Hong Kong court found two former Luxey International directors responsible for fraudulently inflating the price of a corporate acquisition and pocketing the gains.
Fintech / Regtech
PITCH! REGTECH: Rising Digital Crimes Give Urgency to Fraud Detection
By Karen Ng | 25/05/2023
The prevalence of digital crimes has given urgency to the need by banks to develop cutting-edge fraud detection systems, says DBS Bank’s head of legal & compliance Lam Chee Kin.
Market Infrastructure
Five Eyes Agencies Warn of State Sponsored Cyber Attacks
By Editors | 25/05/2023
Chinese foreign ministry spokeswoman Mao Ning said the joint advisory is a “collective disinformation campaign” from the “empire of hacking”.
AML / KYC
Hong Kong SFC Issues Updated AML/CFT Guidelines
By Editors | 25/05/2023
The updated AML/CFT guideline includes a new stand-alone chapter on regulatory requirements and standards for addressing ML/TF risks associated with virtual assets.
Capital / Liquidity
Regulatory Uncertainty a Key FRTB Implementation Challenge
By Manesh Samtani | 25/05/2023
Persistent regulatory timeline uncertainty is a primary implementation challenge of FRTB in APAC, Murex found in a survey of banks.
Enforcement
PwC Australia Referred for Possible Criminal Investigation
By Sanday Chongo Kabange | 25/05/2023
Treasury referred PwC to the AFP to consider a criminal probe related to a leak of confidential tax policy information.
Capital / Liquidity
FSC Korea Announces Decision to Set CCyB at 1 Percent
By Editors | 25/05/2023
The FSC said there was a need to enhance banks’ loss absorption capacity to prepare for macroeconomic uncertainties and increased risks in the financial sector.
Enforcement
Global Banks Under Probe for Breaking UK Competition Law
By Editors | 25/05/2023
The CMA “provisionally” found that five global banks broke competition law in the aftermath of the global financial crisis.
Enforcement
Shanghai Police Uncover Money Laundering via Livestreamers
By Mark Johnston | 25/05/2023
Shanghai police have uncovered a scheme involving fraudsters who tipped livestreamers to conceal their illicit funds.
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