Companies that voluntarily disclose suspected criminal activity or misconduct to federal prosecutors can receive up to a 75 percent reduction in penalties.
January 20, 2023The revisions impose stronger corporate social responsibility obligations and require shareholders to make capital contributions if a company cannot repay its debts.
January 8, 2023Many of the new questions in the SFC's updated BRMQ focus on AML/CFT practices and brokerage business controls.
December 30, 2022Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
December 23, 2022The industry is playing catch up with the impact of working from home and must ensure e-comms risk is managed in a better way, says Rupal Patel at Acin.
December 22, 2022Danske Bank admitted to allowing high-risk non-resident customers from other countries including Russia to use its Estonia branch to access US banks.
December 15, 2022The two dealer's representatives engaged in intra day short-selling activities in client accounts in 2020 when such activity was temporarily prohibited.
November 22, 2022Restructuring specialist John J Ray says FTX's failure is the worst he has ever seen, citing control failures and the "complete absence" of trustworthy financial information.
November 18, 2022MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong's SFC said licensed fund managers' exposure to FTX is "immaterial".
November 15, 2022Combating social media ramp-and-dump schemes remains one of the top enforcement priorities of the SFC, says executive director of enforcement, Christopher Wilson.
November 11, 2022