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Fraud, Scams & Cybercrime
US DOJ Forms Ransomware and Digital Extortion Task Force
By Editors | 06/06/2021
The task force will be used to coordinate efforts to combat ransomware attacks, which will now be treated with the severity of terrorism threats.
Anti-Money Laundering
Philippine Financing, Lending Firms Must Register with AMLC by 21 June
By Editors | 04/06/2021
Newly covered financing and lending companies that fail to register with the AMLC by 21 June will incur penalties.
PEPs & Sanctions
Biden Executive Order Amends, Clarifies China Blacklist
By Manesh Samtani | 04/06/2021
The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.
DeFi & Web3
DeFi May Be Subject to Licensing Requirement, Warns Thai SEC
By Sanday Chongo Kabange | 03/06/2021
The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.
Structural Regulation
Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework
By Editors | 03/06/2021
The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.
Market Abuse
Philippine Court Jails Broker for Illegal Trading in 1999
By Editors | 30/05/2021
The court’s decision represents the first conviction won by the SEC after two decades of pursuing stockbrokers and investors linked to the case.
Anti-Money Laundering
DOJ Settles Julius Baer Money Laundering Probe for $80m
By Sanday Chongo Kabange | 28/05/2021
Julius Baer admitted it conspired to launder over $36mn in bribes through the US to soccer officials with FIFA and other soccer federations.
Structural Regulation
Thailand SEC Approves New Criteria for SME Fundraising
By Sanday Chongo Kabange | 27/05/2021
The new fundraising criteria for SMEs and startups proposed by the stock exchange are expected to become effective this year.
Climate Risk
Biden Directs US Federal Agencies to Take Action on Climate
By Editors | 25/05/2021
Under an executive order, a comprehensive government-wide strategy on climate-related financial risk shall be developed within 120 days.
Structural Regulation
G7 Close to Deal on Global Minimum Corporate Tax Rate
By Sanday Chongo Kabange | 24/05/2021
A US Treasury’s proposal to accept a global minimum corporate tax rate of 15% has reportedly been met with enthusiasm in Europe.
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