Market Abuse

Hong Kong Court Jails Two Former Brokers for False Trading

20/05/2024

The two men, formerly licensed representatives of KGI Asia Limited and South China Securities Limited, were each jailed for three months.

Credit Risk

China Unveils New Package of Measures for Property Market

20/05/2024

The measures include the purchase of unsold homes from developers by local governments to turn them into affordable housing.

Fraud, Scams & Cybercrime

Indonesia Launches Anti-Fraud Strategy Guide for ITSK Sector

19/05/2024

OJK said the guide will help strengthen the digital ecosystem in Indonesia and and build public trust.

PEPs & Sanctions

Australia, UK Join Allies in Targeting DPRK-Russia Arms Trade

18/05/2024

Australia targeted six entities while the UK targeted three companies and one individual for their involvement in North Korea-Russia arms trade.

Anti-Money Laundering

FATF Publishes Updated Procedures for Mutual Evaluations

17/05/2024

FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.

PEPs & Sanctions

OFAC Sanctions Russians for Over DPRK Weapons Transfers

17/05/2024

Two individuals and three entities were sanctioned for facilitating weapons transfers between Russia and North Korea.

Trading & Investment

CSRC Issues Final Rules for Programmatic Trading

17/05/2024

The rules require market participants involved in programmatic trading to register with stock exchanges and make detailed disclosures.

Anti-Money Laundering

AUSTRAC, SkyCity Propose A$67m Settlement to Court

17/05/2024

A hearing date has been set for 7 June 2024 for the court to consider the settlement jointly proposed by AUSTRAC and SkyCity Adelaide.

Capital Adequacy

MAS Issues Notice on Basel III Implementation

17/05/2024

MAS issued a notice to cancel the 2012 MAS Notice 637 and implement a new notice on the Basel III reforms with effect from 1 July 2024.