United States

    Fraud, Scams & Cybercrime

    US DOJ Agrees to Release of Huawei’s Meng Wanzhou

    By Editors | 27/09/2021

    Under a deferred prosecution agreement, Meng admitted to making material misrepresentations to HSBC regarding Huawei’s operations in Iran.

    Cryptocurrency

    Thai SEC Directs Listed Companies to Disclose Crypto Investments

    By Pongnut Thanaboonchai | 25/09/2021

    Disclosures should be made through the SET’s online portal, company websites, annual registration statements and annual reports.

    Trading & Investment

    Thailand’s SEC to Simplify Fund Disclosure Requirements

    By Pongnut Thanaboonchai | 23/09/2021

    The SEC said the information contained in prospectuses and factsheets is repetitive and redundant, making it difficult for investors to digest the information.

    Market Abuse

    CFTC Investigates Binance for Possible Insider Trading

    By Manesh Samtani | 22/09/2021

    Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.

    Trading & Investment

    SEC Philippines Creates Office to Facilitate Capital Raising by SMEs

    By Sanday Chongo Kabange | 22/09/2021

    The new office will simplify capital raising, streamline registration processes, and promote SME-friendly underwriting and advisory programmes at FIs.

    PEPs & Sanctions

    US Sanctions Crypto Firm Over Ransomware Payments

    By Editors | 21/09/2021

    OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.

    Cryptocurrency

    Philippine SEC Warns Against Dealing with Unlicensed Entities

    By Editors | 21/09/2021

    The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.

    Conduct, Culture & Accountability

    US Fed to Review Ethics Rules Following Disclosures by Officials

    By Editors | 19/09/2021

    Financial disclosures filed by senior Fed officials showed multiple stock trades in 2020 worth millions of dollars, raising concerns over conflicts of interest.

    Trading & Investment

    Sri Lanka: CSE to Allow Fundraising in Foreign Currencies

    By Duruthu E Chandrasekera | 18/09/2021

    Sri Lankan companies will be allowed to raise debt and equity in foreign currency on the Colombo Stock Exchange. A new benchmark index is also being launched.

    Fraud, Scams & Cybercrime

    Philippine Lawmaker Introduces Bill to Tackle Rising Cybercrime

    By Ranamita Chakraborty | 17/09/2021

    The bill requires banks and non-bank FIs to “exhaust all means to ensure that victims are able to recover their monetary loss, if any”.

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