Conduct, Culture & Accountability

Former BlackRock Portfolio Manager Fined Over Undisclosed Conflict

05/01/2023

The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.

Fraud, Scams & Cybercrime

New York: Former SPAC CFO Pleads Guilty to Fraud Charges

05/01/2023

The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.

ESG Data

Taiwan: TDCC Adds Moody’s ESG Assessments to ESG IR Platform

05/01/2023

The ESG IR platform provides free ESG information from domestic and foreign data providers for retail investors, institutional investors and issuers.

Cybersecurity

Philippines Launches Cyber Safety Campaign for Financial Customers

05/01/2023

The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.

Reporting & Disclosures

ASIC Fines Another Listed Energy Firm for Alleged Greenwashing

05/01/2023

ASIC says Black Mountain Energy made misleading statements in three ASX announcements regarding a natural gas development project.

Fraud, Scams & Cybercrime

Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack

05/01/2023

BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.

Anti-Money Laundering

NYDFS Ends Coinbase AML Probe With $100m Settlement

05/01/2023

The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.

Market Abuse

FSC Korea Reorganises Capital Market Fraud Investigation Unit

05/01/2023

The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.

Capital Adequacy

CBIRC Approves Capital Raise by Ant’s Consumer Finance Unit

05/01/2023

The approval is being hailed as a “milestone” after Chinese regulators forced Ant Group to cancel its IPO in November 2020 and ordered it to restructure.