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AML / KYC
Three Associated with Tornado Cash Allegedly Arrested
By Manesh Samtani | 16/08/2022
Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.
Crypto / Digital Assets
Thailand to Improve Protections for Crypto Investors
By Editors | 15/08/2022
The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.
Enforcement
Two JPM Traders Convicted on Spoofing Charges
By Editors | 15/08/2022
The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.
Securities / Derivatives
Five Chinese Heavyweights to Delist from US Exchanges
By Editors | 15/08/2022
The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.
Crypto / Digital Assets
Philippines: BSP to Suspend VASP Licensing for Three Years
By Editors | 15/08/2022
Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.
ESG / Sustainability
Thai SEC to Develop Guidance on Human Rights Due Diligence
By Editors | 14/08/2022
The guideline is being developed with Chulalongkorn University to help listed entities adopt concrete human rights due diligence practices in line with the UNGPs.
Crypto / Digital Assets
SEC, CFTC Propose Enhanced Reporting Rules for Hedge Funds
By Manesh Samtani | 11/08/2022
Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.
AML / KYC
Former BitMEX Exec to Pay Fine for Violating AML Law
By Editors | 11/08/2022
The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.
AML / KYC
Iran Makes First Import Order Using Crypto – Report
By Editors | 10/08/2022
By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.
AML / KYC
OFAC Sanctions Crypto Mixing Service Tornado Cash
By Manesh Samtani | 09/08/2022
The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.
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