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Enforcement
US Authorities File Charges Against Archegos, Key Executives
By Manesh Samtani | 28/04/2022
The DOJ, CFTC and SEC charged Archegos and four of its executives for defrauding banks and brokers and manipulating the prices of publicly traded securities.
ESG / Sustainability
ISSB Forms Working Group to Prevent Jurisdictional Fragmentation
By Editors | 28/04/2022
The working group will seek to align work being done across jurisdictions to set standards in the field of sustainability-related financial disclosures.
Securities / Derivatives
CSRC Vice Chair ‘Hopeful’ on US-China Audit Supervision
By Darien Choong | 26/04/2022
CSRC vice chair Fang Xinhai said he is “very hopeful” that an agreement can be reached with US regulators in the “near future”.
AML / KYC
Australia Sanctions More Russian Lawmakers, US Blocks Port Access
By Editors | 26/04/2022
Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.
Enforcement
US Agencies Target MoneyGram Over Delayed Remittances
By Editors | 24/04/2022
The complaint says the delays caused harm to recipients who were waiting for their money that had become “stuck in” or “looped” in MoneyGram’s systems.
Enforcement
CA ANZ May Discipline 12 KPMG Accountants for Cheating
By Editors | 23/04/2022
More than 400 CA ANZ members were found to have cheated on online training tests, but only 12 are being put through the body’s disciplinary process.
AML / KYC
OFAC Sanctions Russian Crypto Miners, UK Targets Military
By Manesh Samtani | 21/04/2022
OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
AML / KYC
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
By Editors | 19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
AML / KYC
CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape
By Editors | 18/04/2022
“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.
AML / KYC
NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
By Editors | 18/04/2022
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.
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