Conduct, Culture & Accountability

SFC Bans Investment Banker for Seven Years for Sponsor Failures

12/10/2023

The SFC said there was a need to send a “strong deterrent message” that failures of sponsors and sponsor principals will not be tolerated.

Sustainable Finance

Japan Launches Trading in New Carbon Credits Market

12/10/2023

On the first day of trading, the TSE said 3,689 tons of emissions were traded, with renewable power being the most active J-Credits category.

Reporting & Disclosures

Malaysia Hosts Asia Launch of Revised OECD Principles on Corporate Governance

11/10/2023

The SC chairman said a dedicated sustainability committee has been formed on the SC Board. Deputy finance minister said Parliament will consider the establishment of “Bursa RegSub”.

Anti-Money Laundering

Malaysia to Enhance Beneficial Ownership Reporting Requirements

11/10/2023

Companies will have to keep and maintain a register of beneficial owners at their registered offices and report any changes within 14 days.

Market Abuse

Korea Mulls Curbs on Stock Market Speculation by Retail Investors

11/10/2023

Governor Lee Bok-hyun said the FSS is looking to crack down on leveraged buying by retail investors and margin call risks.

Anti-Money Laundering

Singapore Court Sentences Ex-Wirecard Employee to Jail

11/10/2023

The former junior finance executive was sentenced to ten weeks in jail for helping a supervisor embezzle S$47,000.

Payments & Settlements

UPDATED – Japan Suffers Payment Clearing Network Disruption

11/10/2023

Zengin-Net restored its system in the early hours of Thursday (12 October). The FSA ordered the production of a detailed report of the incident.

Fraud, Scams & Cybercrime

Singapore Police Working With Meta to Stop Scams – Report

11/10/2023

The police are working with Meta to terminate WhatsApp lines believed to be used in scams and remove suspicious ads on Facebook and Instagram.

Conduct, Culture & Accountability

APRA Seeks Increased Transparency on Super Fund Spending

11/10/2023

APRA wants to disclose super fund expenses for marketing, sponsorships, related parties, industry bodies, director and executive remuneration, and political donations.