Philip Shaw's misconduct was "intentional, dishonest and contrary to a licensed person’s overarching duty to act in clients’ best interests," the SFC said.
March 7, 2023Circular sets out expectations for FIs to review their existing controls to ensure they remain adequate to mitigate ML/TF risks in wealth management.
March 6, 2023Private equity and hedge fund managers will need at least CNY 10 million in paid-in capital to operate, about five times more than the existing requirements.
March 1, 2023The FCA is seeking feedback on introducing regulatory expectations or guidance on senior management responsibilities for regulated firms’ sustainability-related strategies.
February 14, 2023Cigna increased premiums and cover for customers without being clear and transparent about the basis for the increase.
January 18, 2023The FCA said the bank's behaviour mirrored previous misconduct, for which it was also fined in 2013 and had restrictions imposed in 2018.
January 12, 2023The revised guidelines introduce higher standards on governance, internal controls and integrity in rating processes and assessments.
January 11, 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, 2022The proceedings against SkyCity are the third AUSTRAC has brought against casino operators, after similar cases were launched against Star and Crown casino entities.
December 8, 2022