Trade Based Money Laundering

Bangladesh Bank Call on Banks to Address Trade Mis-Invoicing

25/11/2022

Bangladesh Bank calls on banks and NBFIs to help stop over- and under-invoicing as they are causing the government to lose revenue and foreign currency.

Credit Risk

China Tightens Rules for Banks on Commercial Bill Business

25/11/2022

The changes will help prevent false trade invoices, promote the resilience of industrial supply chains, and improve overall market fairness and transparency.

Trading & Investment

SEBI Proposes Changes to Stock Buyback Process

25/11/2022

SEBI proposes to phase out the open market route as a buyback mechanism and to increase the limit for buybacks via the tender offer route.

Fraud, Scams & Cybercrime

INTERPOL Operation Sees $129m in Crypto Assets Seized

25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.

Trading & Investment

Taiwan to Allow Foreign Investors to Pledge Local Shares for Loans

25/11/2022

Foreign institutional investors will be able to borrow funds from domestic financial institutions using local equities as collateral.

Fraud, Scams & Cybercrime

HK Court Orders Investment Company to Compensate Clients

25/11/2022

The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.

Data Privacy

UK Finalises South Korea Data Adequacy Decision

25/11/2022

UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.

Trading & Investment

Swap Connect Launch Facing Likely Delay – Report

25/11/2022

Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.

Structural Regulation

ASIC Issues Updated Guidance on ETP Naming Conventions

25/11/2022

ETP naming conventions are divided into two levels: primary labels which indicate product type, and secondary labels which indicate specific risks or strategies.