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Structural Regulation
Philippine SEC Implements Caps on Loan Rates, Fees
By Mark Johnston | 07/03/2022
The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.
Custody & Infrastructure
Thailand SEC Tightens Custody Rules for Digital Assets
By Mark Johnston | 05/03/2022
The SEC is also proposing requirements for digital asset businesses to disclose service quality information on their websites.
Tokenisation
US SEC Probes Whether NFTs Are Being Used Like Securities
By Editors | 05/03/2022
The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.
PEPs & Sanctions
DOJ Launches New Task Force Targeting Russian Oligarchs
By Editors | 04/03/2022
Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.
Tokenisation
SET to Launch Digital Asset Exchange ‘Very Soon’
By Editors | 03/03/2022
The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.
Anti-Money Laundering
US Regulators Fine National Bank of Pakistan $55m for AML Violations
By Sanday Chongo Kabange | 01/03/2022
National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
Market Abuse
CSRC Asks Morgan Stanley to Provide Information on US Probe
By Editors | 28/02/2022
The CSRC has reportedly given Morgan Stanley 30 days to provide details about its role in a US investigation into its block trading practices.
Fraud, Scams & Cybercrime
BitConnect Founder Indicted for Running Crypto Ponzi Scheme
By Editors | 28/02/2022
BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.
PEPs & Sanctions
Western Leaders Pledge to Remove Russian Banks from SWIFT
By Manesh Samtani | 28/02/2022
Western leaders have committed to removing “selected Russian banks” from the SWIFT financial messaging system to harm their ability to operate globally.
Market Abuse
US SEC Proposes New Rule to Increase Short Selling Transparency
By Editors | 28/02/2022
Institutional investment managers will have to report information relating to short positions to the SEC on a monthly basis. The data will be aggregated and made available to the public.
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