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Market Abuse
NICE Actimize Awarded Best Solution in Market & Trading Surveillance
By Editors | 15/12/2020
NICE Actimize uses artificial intelligence and analytics to spot market abuse, conduct risk and suspicious communications early on, thereby preventing reputational, financial and regulatory risk.
Operational Risk
Improving Operational Resilience: A Priority for the Year Ahead
By David LaFalce | 14/12/2020
DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.
PEPs & Sanctions
No Banks Subject to HKAA Secondary Sanctions: US Treasury
By Manesh Samtani | 13/12/2020
In a report to Congress, the Treasury said it has not identified any foreign FIs that “knowingly” conducted significant transactions with the ten individuals sanctioned in October.
PEPs & Sanctions
S&P DJI Announces Removal of Chinese Companies from Indices
By Editors | 13/12/2020
The move follows last month’s executive order prohibiting US persons from purchasing securities of companies identified as being owned or controlled by China’s military.
Supervision & Enforcement
APAC Overtook US in AML Penalties For 2020: Fenergo
By Editors | 10/12/2020
APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
Tokenisation
Philippines: UnionBank, StanChart Complete Bond Tokenisation POC
By Editors | 10/12/2020
A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.
Anti-Money Laundering
Philippine SEC Proposes Stronger Rules on Beneficial Ownership
By Editors | 08/12/2020
The SEC is seeking to require the disclosure of beneficial owners, nominators, principals, and nominee arrangements within 10 days from a company’s registration.
PEPs & Sanctions
US Sanctions Another 14 Chinese Officials Over Hong Kong
By Editors | 08/12/2020
A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US”.
Anti-Money Laundering
US Congress Includes Corporate Transparency in Defence Bill
By Editors | 08/12/2020
The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.
PEPs & Sanctions
US Designates Four More Companies as Linked to Chinese Military
By Manesh Samtani | 06/12/2020
US investors will be prohibited from buying securities issued by the four companies, which include CNOOC and SMIC, from 1 February 2021.
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