All posts tagged "Disclosure"
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10AML / KYCFATF Addresses Pandora Papers With New BO Requirements
The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.
October 22, 2021 -
94EnforcementCFTC Fines Tether as US Regulators Scrutinise Crypto Markets
The CFTC has fined Tether $41mn and Bitfinex's parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
October 21, 2021 -
103ChinaNew Beijing Stock Exchange Prepares for Launch
More than 100 market participants participated in a second round of tests. The new exchange is expected to start trading as early as this month.
October 20, 2021 -
101Australia & NZFMA Finalises Guidance on Advertising of Financial Products
The FMA will take action against false, misleading, deceptive or confusing advertising, depending on the severity and level of misconduct.
October 18, 2021 -
117Capital RegulationBCBS Reports Basel Adoption Progress Despite Covid Disruptions
All jurisdictions now have final rules in force for the CCyB, following implementation in China. Three more jurisdictions have adopted the final TLAC rules.
October 18, 2021 -
110Australia & NZASIC Calls for Review of Non-compliant Whistleblower Policies
Some policies inaccurately refer to obsolete requirements for whistleblowers to identify themselves or make disclosures in good faith or without malice to qualify for protection.
October 14, 2021 -
150ChinaPBOC Finalises Rules for Credit Reporting Businesses
The rules say the collection of credit information should “not be excessive" and subject to consent and information security requirements. Cross-border use is allowed.
October 7, 2021 -
264AML / KYCLack of Crypto Regulation Presents Financial Stability Risk: IMF
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021 -
141Australia & NZNew Zealand: Class Action Filed Against ANZ, ASB
The class action reportedly involves interest and fees ANZ and ASB were not entitled to charge due to breaches of their disclosure obligations.
October 5, 2021 -
175Securities & TradingUS SEC Moves to Boost Transparency on Proxy Votes
The proposed rule changes will make it easier for asset owners to see how asset managers are voting at AGMs.
October 4, 2021
