Cybersecurity

MAS Carries Out Cyber Resilience Exercise with French Regulators

19/06/2022

The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.

Market Abuse

US SEC Probes Insider Trading Controls at Crypto Firms: Reports

19/06/2022

The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.

Cybersecurity

SEBI Enhances Cybersecurity Requirements for Asset Managers

19/06/2022

A new framework that took effect on 15 July requires AMCs to conduct cyber audits twice a year and report incidents within six hours of detection.

Trading & Investment

BSEC Prepares to Allow Loss-making Startups to List on Bourses

19/06/2022

Rule changes will allow loss-making companies to determine their offer price premium based on projected business growth.

Fraud, Scams & Cybercrime

Malaysia SC Charges Former Investment Banker for Deception

19/06/2022

The former Hong Leong investment banker deceived four investors into investing in investment schemes that in reality did not exist, the SC said.

Liquidity Risk

Laos Increases Bank Reserve Requirement to Tackle Inflation

19/06/2022

The central bank also adjusted its base interest rate and announced plans to issue a 6-month savings bond that will pay 20 percent annualised interest.

Anti-Money Laundering

EBA Finalises Guidance for AML/CFT Compliance Officers

19/06/2022

The guidelines comprehensively address, for the first time at the EU level, the whole AML/CFT governance set-up at financial institutions.

Fraud, Scams & Cybercrime

Australia: Allianz, AWP Plead Guilty for Making False Statements

19/06/2022

Charges were filed against Allianz Australia Insurance and AWP Australia in February last year.

Market Abuse

Australian Court Fines Money Transfer Firm for Exchange Rate Fixing

18/06/2022

Four individuals were also sentenced to jail on criminal cartel charges, but they were released on good behaviour bonds.