Those engaged in unfair trading activities would face either a prison sentence of at least one year or a fine of between three and five times profits.
January 19, 2023The revisions will allow Japanese authorities to criminally punish crypto firms that do not comply with the Travel Rule.
December 7, 2022The FSC said disclosing the names of those who breach short selling rules or create market disturbances will create a deterrence effect and reduce illegal activities in capital markets.
December 6, 2022The guidelines describe three categories of conduct that may constitute a violation of foreign investment laws and regulations, and how penalties may be imposed.
October 26, 2022Directors, trustees, and officers can be fined personally and barred for five years for failure to ensure compliance with beneficial ownership disclosure requirements.
October 24, 2022Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.
October 18, 2022Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.
October 3, 2022Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.
October 3, 2022Violators could be banned from trading, account opening, and serving as listed company directors for up to 10 years.
September 30, 2022The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.
September 29, 2022