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Enforcement
Myanmar: Korean Banks Raise Vigilance After Employee Shooting
By Ranamita Chakraborty | 05/04/2021
A Shinhan Bank employee has died after being shot in the head by Myanmar’s military forces. Meanwhile, local private banks are being fined for remaining closed.
Enforcement
ASIC Bans Sale of Binary Options to Retail Clients
By Editors | 05/04/2021
The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.
Capital / Liquidity
APRA Raises Macquarie’s Capital, Liquidity Requirements
By Editors | 02/04/2021
Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.
Enforcement
Malaysia Regulators Investigate Investment Scam Syndicate
By Editors | 01/04/2021
The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.
Enforcement
SFC Fines Black Marble Securities for Internal Control Failings
By Editors | 01/04/2021
The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.
Enforcement
SG Police Investigate Over 300 Individuals in Cases of Scams
By Editors | 31/03/2021
The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
Enforcement
ASIC Reassesses Tools for Enforcing Disclosure Rules
By Ranamita Chakraborty | 30/03/2021
ASIC is assessing how changes to continuous disclosure laws will affect the practicality of issuing infringement notices.
Enforcement
FCA, BOE Set Out Priority Areas for LIBOR Transition
By Manesh Samtani | 30/03/2021
Supervisory tools may be used to address insufficient progress and poor risk management or governance.
Enforcement
SG Police to Lay 23 More Charges Against Hin Leong Founder
By Editors | 29/03/2021
The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.
Enforcement
Australia Delays National Consumer Credit Protection Act Reforms
By Ranamita Chakraborty | 28/03/2021
Whether or not responsible lending obligations are repealed, ASIC says it will enforce lending standards as part of its focus on consumer protection.
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