Trading & Investment

Philippine Bourse to Permanently Close Trading Floor

13/06/2022

The pandemic has prompted brokers to conduct their trading activities off-site and hastened the PSE’s migration to ‘floorless trading’.

Reporting & Disclosures

Bursa Malaysia Issues ESG Guidance for Listed Companies

13/06/2022

The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.

Fraud, Scams & Cybercrime

Korean Police Arrest CEO of Discovery Asset Management

13/06/2022

CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.

Market Abuse

Singapore Court Jails Listed Company CFO for Insider Trading

13/06/2022

The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

Fraud, Scams & Cybercrime

Korean Police Probe Possible Embezzlement at Terraform Labs

13/06/2022

Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

Anti-Money Laundering

Japan Ministry Seeks Powers to Confiscate Crypto Assets

12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

Anti-Money Laundering

FATF Issues Report on Digital Tools for Law Enforcement

12/06/2022

The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

Emerging Prudential Risks

RBNZ to Start Unloading Government Bond Holdings in July

12/06/2022

The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.

Conduct, Culture & Accountability

ASIC Issues Guidance on Financial Adviser Warnings, Reprimands

12/06/2022

ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.