Anti-Money Laundering

Kuwait Court Sentences Defendants in 1MDB Case

31/03/2023

The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.

Anti-Bribery & Corruption

Bankman-Fried Enters Not Guilty Plea to Revised Indictment

31/03/2023

Bankman-Fried previously pleaded not guilty to eight charges. Four charges were added last month and a bribery charge earlier this week.

Capital Adequacy

NobleOak Life Breached Capital Requirements, Says APRA

31/03/2023

APRA said breaches are being remediated and are not connected to any recent financial market movements or developments.

Reporting & Disclosures

Taiwan to Require Listed Companies to Have Female Directors

31/03/2023

The requirement to appoint female directors is part of efforts to improve corporate governance culture among listed companies in Taiwan.

Structural Regulation

Mizuho, LINE Scrap Plans to Launch New Digital Bank

31/03/2023

The plan was to make banking services available on LINE’s popular smartphone app, but the project is now being abandoned.

ESG Data

UK Consults on Regulatory Regime for ESG Ratings

31/03/2023

The consultation proposes to introduce legislation to amend and expand the FCA’s regulatory perimeter to include ESG ratings.

Operational Risk

MAS Says Latest Outage at DBS is “Unacceptable”

30/03/2023

Singapore customers of DBS were unable to access online banking services or make trades via its brokerage for around ten hours on Wednesday.

Trading & Investment

LME Group Unveils Plans to Strengthen Metals Markets

30/03/2023

The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.

Fraud, Scams & Cybercrime

ACCC Warns of Rising Bank Impersonation Scams in Australia

30/03/2023

Scammers can make their calls and texts appear as part of the same conversation thread as legitimate messages from a bank, the ACCC warns.