The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020One firm was fined KRW 360mn for failing to borrow KRW 13mn worth of stock prior to short-selling, a penalty of more than 27 times the amount short-sold.
September 22, 2020Chinese police say at least $2bn has been laundered to offshore gambling sites through fake e-commerce purchases and other methods.
September 17, 2020The settlement covers a large payment linked to a designated oil company and 61 payments made to a sanctioned bank in 2015.
September 14, 2020The futures brokers failed to announce negative oil prices in April and were unable to accept orders from clients, among other failures.
September 8, 2020Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
September 8, 2020Taipei Fubon Commercial Bank's president is alleged to have asked subordinates to approve a $30mn loan to a loss-making China-based health supplement company for his own benefit.
August 13, 2020The new regulations maintain the overall framework of the regulatory system of classification and focus on optimising the CSRC’s evaluation indexes to address practical issues.
July 15, 2020Applicant banks must be of "high quality", specifically in relation to risk management, international reputation, operating performance, profitability and market share.
July 13, 202035 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
July 8, 2020