Regulatory
Latvian regulator fines Signet Bank €906k for AML issues
Latvia-based bank Signet Bank has been fined €906,610 by the country’s financial regulator for anti-money laundering (AML) breaches. The Financial and Capital Market ...
Regulatory
Consumer Protection Act, 2019 comes into force in India
Act includes establishment of the Central Consumer Protection Authority and rules for prevention of unfair trade practice by e-commerce platforms Act provides for ...
Regulatory
China takes over nine financial institutions for one year
China’s financial authorities announced the takeover of nine financial institutions for one year from Friday, citing rule violations. Four are insurers – Tian ...
Regulatory
Securities Commission Malaysia Adds Binance to Investor Alert List of Unauthorised Entities
Securities Commission Malaysia (SC) has added the popular crypto exchange platform Binance to it’s investor alert list which warns the general public about ...
Regulatory
The Nigerian Supreme Council for Islamic Affairs (NSCIA) has commended the Central Bank of Nigeria (CBN) for its introduction of non-interest credit facilities.
The Nigerian Supreme Council for Islamic Affairs (NSCIA) has commended the Central Bank of Nigeria (CBN) for its introduction of non-interest credit facilities. A statement ...
Regulatory
Amazon fined for dealing with Zimbabwe and other sanctioned countries
The US Department of Treasury recently issued a statement to the effect that the Office of Foreign Assets Control had reached a settlement with Amazon. ...
Regulatory
Malaysia’s Securities regulator slaps Microlink with UMA query
Microlink Solutions Bhd, whose share price rose to a four-year high, has received an unusual market activity (UMA) query by Bursa Malaysia Securities. ...
Regulatory
Inadequate knowledge and due care are root causes for material accounting non-compliances – Singaporean Accounting Regulator
The Accounting and Corporate Regulatory Authority (Acra) has found that there is room for improvement in the quality of financial statements issued by ...
Regulatory
Banks to debit debtors’ accounts directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan ...
Nigeria
SEC, NITDA Collaborate on Data Protection in Capital Market
Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) in a bid to ...
