ADVERTISEMENT
AML / KYC
OFAC Settles Deutsche Bank Trust Sanctions Violations
By Editors | 13/09/2020
The settlement covers a large payment linked to a designated oil company and 61 payments made to a sanctioned bank in 2015.
ESG / Sustainability
CFTC Report Warns of Systemic Risks from Climate Change
By Manesh Samtani | 10/09/2020
The report calls on financial regulators to move “urgently and decisively” to measure, understand, and address the risks climate change poses to the US financial system.
AML / KYC
US Recovers $60m in 1MDB Funds from Najib Razak’s Stepson
By Editors | 06/09/2020
The assets recovered include luxury real estate in Beverly Hills, New York and London, a Kentucky maintenance company, and a 1927 promo poster for the film “Metropolis”.
Enforcement
US SEC Launches Fraud Probe into Chinese Edutech Firm
By Manesh Samtani | 06/09/2020
Reports first emerged in February alleging that up to 80% of GSX Techedu users are fake, evidenced by attendance data, server records, and admissions by former employees.
Securities / Derivatives
US SEC Stays Implementation of NYSE Direct Listing Rules
By Editors | 06/09/2020
The Council of Institutional Investors has objected to the direct listing rules on concerns that companies may circumvent investor protections built into the IPO process.
Uncategorised
New US Exchange MEMX Postpones Launch for Additional Testing
By Sanday Chongo Kabange | 03/09/2020
Wall Street-backed MEMX will begin trading in six symbols on 21 September before trading all National Market System stocks on 29 September.
Securities / Derivatives
CSRC Grants Citigroup Fund Custody Licence in China
By Editors | 02/09/2020
Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.
ESG / Sustainability
Thailand SEC, UK Govt to Collaborate in Financial Sector
By Editors | 02/09/2020
The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.
Securities / Derivatives
US SEC Approves Rules to Allow Direct Listings on NYSE
By Editors | 31/08/2020
Direct listings allow private companies to raise money without going through the high IPO underwriting fees charged by investment banks.
AML / KYC
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
By Manesh Samtani | 31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.