United States

ESG / Sustainability

Thailand SEC, UK Govt to Collaborate in Financial Sector

By Editors | 02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

Securities / Derivatives

US SEC Approves Rules to Allow Direct Listings on NYSE

By Editors | 31/08/2020

Direct listings allow private companies to raise money without going through the high IPO underwriting fees charged by investment banks.

AML / KYC

US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto

By Manesh Samtani | 31/08/2020

The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.

AML / KYC

US Agencies Warn of North Korean ATM Cash-out Threat

By Manesh Samtani | 30/08/2020

The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.

Securities / Derivatives

CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report

By Editors | 27/08/2020

The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.

Securities / Derivatives

Philippines Issues Rules on New Investment Vehicle for Corporate Debt

By Editors | 26/08/2020

Corporate Debt Vehicles can issue securities to invest in bonds, notes or commercial papers issued by large corporations and medium-sized enterprises.

AML / KYC

US Sanctions Chinese Individuals, Entities Over South China Sea

By Editors | 26/08/2020

The US accuses one Chinese state-owned enterprise of engaging in “corruption, predatory financing, environmental destruction, and other abuses across the world.”

Securities / Derivatives

Thailand SEC to Allow Repo, Reverse Repo Trades by Retail Investors

By Editors | 25/08/2020

Allowing repo and reverse repo trades in listed securities and unit trusts with all investor types will provide them additional liquidity management tools, the SEC said.

AML / KYC

Thailand SEC to Simplify KYC Rules for Low Risk Investment Products

By Editors | 22/08/2020

The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.