United States

    Securities / Derivatives

    Thai SEC to Allow Use of Foreign Custodians in DR Issuance

    By Editors | 10/04/2022

    Under revised guidelines, depository receipt issuers can directly appoint a global custodian or foreign agent to hold overseas securities.

    Fintech / Regtech

    Thai Crypto Firms Required to Issue Transaction Reports to Clients

    By Editors | 07/04/2022

    From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.

    AML / KYC

    US, German Authorities Target World’s Largest Darknet Market

    By Manesh Samtani | 07/04/2022

    OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.

    AML / KYC

    US, UK Announce New Russia Sanctions, EU to Ban Coal Imports

    By Manesh Samtani | 06/04/2022

    New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.

    Securities / Derivatives

    Thai SEC to Relax Rules on Mutual Fund Advertising

    By Editors | 05/04/2022

    The changes are being made to reduce regulatory burden and minimise duplication of regulations, the SEC said.

    Securities / Derivatives

    CSRC Proposes Rule Amendments to Resolve US Audit Dispute

    By Darien Choong | 05/04/2022

    The draft amendments will allow US regulators to inspect the audit working papers of Chinese companies listed in the US.

    AML / KYC

    Japan, US Impose More Sanctions Over DPRK Missile Tests

    By Mark Johnston | 05/04/2022

    Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.

    Enforcement

    Philippine SEC to Form Dedicated Unit Targeting Abusive Lending

    By Editors | 04/04/2022

    The government is seeking to prevent and penalise abusive debt collection practices, misrepresentations, and unreasonable terms and conditions.

    Fintech / Regtech

    Visa, Western Union, GBBC Join Digital Dollar Project

    By Editors | 03/04/2022

    The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.

    Securities / Derivatives

    CSRC Says Talks With US Regulators Have Progressed ‘Smoothly’

    By Editors | 03/04/2022

    The CSRC was responding to a question about comments from SEC chair Gary Gensler which appeared to cast doubt that a deal on audit supervision was imminent.

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