Reporting & Disclosures

Record Number of FIs Seeking Environmental Disclosures Via CDP

14/03/2023

CDP’s annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.

Fraud, Scams & Cybercrime

Chinese Bourses Look to Tech to Combat Fraud in Markets

13/03/2023

The SZSE has been testing technology from an analytics firm to detect fraud and vet listings, while the SSE is proposing the use of big data and AI.

Market Abuse

FSC Korea Uses Enhanced Penalties Regime for the First Time

13/03/2023

Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

Anti-Money Laundering

AUSTRAC Launches Specialist AML Unit for Gambling Sector

13/03/2023

AUSTRAC reportedly warned gambling industry officials it had “identified serious non-compliance in a number of businesses”.

Cloud & Infrastructure

Korea to Creates Fund to Drive Metaverse Related Initiatives

13/03/2023

The government is inviting investment management companies to help operate the Metaverse Fund, offering special performance incentives.

Anti-Money Laundering

FATF Finalises Revisions to Recommendation 24 Guidance

13/03/2023

The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.

Anti-Bribery & Corruption

Former Malaysian PM Muhyiddin Charged With Corruption

13/03/2023

Former prime minister Muhyiddin Yassin was charged with four counts of abuse of power and three counts of money laundering.

Fraud, Scams & Cybercrime

Australian Court Fines ANZ Over Introducer Programme

13/03/2023

ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.

Emerging Prudential Risks

Australia to Commence Review of Managed Investment Schemes

13/03/2023

The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.