Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.
March 10, 2023China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023A Crowdfunding Affairs Office will be set up to centrally process and coordinate regulatory and administrative matters related to crowdfunding activities.
January 3, 2023Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain appropriate records.
December 22, 2022The FMA said Pencarrow Private Equity failed to retain and make readily accessible identity and verification records for customers.
December 19, 2022New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
December 8, 2022The increased spending comes after multiple financial firms were fined for failing to monitor and keep records on employees’ communications via messaging apps.
December 3, 2022Internal control failures were identified after a client complained that discretionary options trades fell outside the scope of the mandate.
November 9, 2022A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city's VASP regime.
October 17, 2022The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.
October 12, 2022