United States

    Fraud, Scams & Cybercrime

    New York AG Files Fraud Charges Against Trump & Family

    By Editors | 22/09/2022

    The lawsuit says Trump falsified his net worth to obtain more favourable loan terms, cheaper insurance coverage, and tax benefits.

    Structural Regulation

    Refinitiv Commences Publication of USD IBOR Cash Fallbacks

    By Editors | 22/09/2022

    USD IBOR Cash Fallbacks will be used to transition loans, bonds and securitised products that reference LIBOR and will mature after 30 June 2023.

    Custody & Infrastructure

    SBI Obtains Singapore Licence to Offer Digital Asset Services

    By Editors | 22/09/2022

    SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.

    Custody & Infrastructure

    Thailand SEC Issues New Rules on Crypto Custody

    By Editors | 21/09/2022

    Digital asset depository service providers already in business have until 11 October to submit a licence application to the SEC.

    Cryptocurrency

    Binance Set to Secure Crypto Licence for the Philippines

    By Editors | 21/09/2022

    Binance is in late stage talks to buy a Philippine company that already has VASP and electronic money issuer licences.

    Custody & Infrastructure

    Nasdaq Establishes New Digital Assets Business

    By Editors | 21/09/2022

    The technology that underpins the digital asset ecosystem has the potential to transform markets over the long-term, says Nasdaq’s Adena Friedman.

    Operational Risk

    Citigroup Submits Plans to US Regulators to Address Deficiencies

    By Sanday Chongo Kabange | 21/09/2022

    Citigroup has about 30,000 people working on improvements and is hiring rival bankers and former auditors to beef up its risk and compliance teams.

    Anti-Money Laundering

    US Treasury Seeks Input on Illicit Finance Risks in Crypto

    By Editors | 19/09/2022

    The RFC calls for input on how to prevent crypto from being used for illicit finance, including through analytics tools and AML/CFT regulations.

    Clearing & Post-Trade

    CFTC Issues No-Action Letter to TAIFEX on Swaps Clearing

    By Editors | 19/09/2022

    The no-action letter will facilitate access for US persons to swaps clearing in Taiwan while TAIFEX’s application for an exemption from DCO registration is pending.

    Cryptocurrency

    Thai SEC Proposes to Ban Crypto Lending, Staking Services

    By Editors | 18/09/2022

    A minimum investment amount is also proposed for each digital asset transaction.  Meanwhile, the SEC is considering allowing asset managers to set up digital asset funds.

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