LATEST NEWS

    image

    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.

    image

    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.

    image

    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.

    image

    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”.

    image

    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.

    image

    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.

    image

    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.

    image

    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.

    image

    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.

    image

    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.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team