Category: Regulation

MAS Monetary Authority of Singapore
May 30, 2017 BY Valentina Kirilova

Monetary Authority of Singapore imposed financial penalties on Credit Suisse and UOB for 1MDB-related transactions

The Monetary Authority of Singapore (MAS) announced that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB), as well as issued Prohibition Orders (POs) against three individuals and served notice of its…

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warning
May 30, 2017 BY Valentina Kirilova

Belize regulator IFSC warns against One Life Network Limited

Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding the business company One Life Network Limited. It has come to the notice of the IFSC that an entity calling itself ‘One Life Network Limited’, an International Business Company registered in Belize, is conducting trading without first obtaining the required licence from…

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May 29, 2017 BY Valentina Kirilova

Securities Commission Malaysia charges former substantial shareholder of Maxbiz for insider trading

Securities Commission Malaysia (SC) today announced that has charged a former substantial shareholder of Maxbiz Corporation Bhd, Datuk Andrew Leong Wye Keong, with four counts of insider trading. Andrew Leong was charged under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA) for disposing 2,131,400 units of Maxbiz shares in his son’s account…

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May 29, 2017 BY Valentina Kirilova

DIFC announces enactment of electronic transactions law 2017

Dubai International Financial Centre Authority (DIFC Authority) has announced that His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has enacted new Electronic Transactions Law, DIFC Law No. 2 of 2017 (Electronic Transactions Law). The enactment of the Electronic Transactions Law clarifies, for all purposes in the DIFC,…

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May 29, 2017 BY Valentina Kirilova

New Zealand FMA survey: Investor confidence bounces back

Major disruptions in world events over the last year have not dented New Zealanders’ confidence in financial markets The Financial Markets Authority (FMA) released its annual survey into the public’s attitude to financial markets. The survey shows that confidence has risen significantly to 65% among all respondents, from 56% in 2016. Investor confidence in the…

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sfc warning
May 26, 2017 BY Valentina Kirilova

Hong Kong SFC adds The Insiders Club to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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