Tag: APAC

FMA
December 21, 2022 BY Steffy Bogdanova

FMA sues Tiger Brokers for AML/CFT breaches

Margot Gatland, FMA Head of Enforcement, said: The anti-money laundering and counter financing of terrorism regime is an important pillar to maintaining the integrity of New Zealand’s financial markets, so we take non-compliance seriously. Our case alleges Tiger Brokers failed to appropriately vet customers, respond to activities that should have raised concerns, and maintain records…

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Daniel Moran confirmed as Chief Compliance Officer of ASX
December 19, 2022 BY Steffy Bogdanova

ASX confirms Daniel Moran as Chief Compliance Officer

Prior to joining ASX, Moran served as a corporate and transactional lawyer at Herbert Smith Freehills. While there, he worked out of Sydney and London and he acted on acquisitions and disposals, capital raisings and restructures, as well as advising on a range of corporate legal, regulatory and governance issues. His new appointment is going…

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December 15, 2022 BY Steffy Bogdanova

ICE Global Network expands in Hong Kong, Shanghai and Tokyo

ICE has strengthened connectivity access center offerings in Hong Kong, Shanghai and Tokyo. Among the new improvements are ultra-low-latency access to local markets, including Hong Kong Stock Exchange (HKEX), the Japan Exchange Group (JPX) and the Shanghai Futures Exchange (SHFE), as well as with regional and international connectivity leveraging ICE’s ultra-low latency backbone. Magnus Cattan,…

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SGX
December 12, 2022 BY Steffy Bogdanova

SGX FX volume surges 104% YoY in November

The Singapore Exchange said in the official press release: Record foreign exchange (FX) trading activity drove derivatives volume, amid optimism on Asian economies and signs that the U.S. Federal Reserve will slow its pace of interest-rate hikes. Derivatives daily average volume (DAV) for the period decreased to 1.1 million contracts, registering an 8.3% fall compared…

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Australia
December 12, 2022 BY Steffy Bogdanova

Four Chinese nationals based in Australia charged in a A$150 million cyber scam

The Scam The Aussie authorities found that the fraudsters employed sophisticated tactics in their operation. They used sophisticated social engineering methods to get in contact with the victims, including targeting them through dating sites, employment sites and messaging platforms before approaching them with the fraudulent investment opportunities. The victims who fell for the scam were…

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November 30, 2022 BY Steffy Bogdanova

Binance acquires Japanese crypto platform Sakura Exchange BitCoin

Takeshi Chino, general manager of Binance Japan, said: The Japanese market will play a key role in the future of cryptocurrency adoption. As one of the world’s leading economies with a highly-developed tech ecosystem, it’s already poised for strong blockchain uptake. We will actively work with regulators to develop our combined exchange in a compliant…

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Equinix enters Malaysian market with $40 million initial investment
November 30, 2022 BY Steffy Bogdanova

Equinix enters the Malaysian market with plans to build a new data centre

Jeremy Deutsch, President, Asia-Pacific, Equinix, commented: Establishing a presence in Johor strengthens Equinix's leadership position in Asia-Pacific within a strategic market such as Malaysia, one of the most requested markets in Asia-Pacific by our global customers. I would like to express our gratitude to the Digital Investment Office (DIO), Invest Johor, and Tenaga Nasional Berhad (TNB) for…

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Exness to sponsor Affiliate World Asia 2022
November 29, 2022 BY Steffy Bogdanova

Exness becomes gold sponsor of Affiliate World Asia 2022

According to the official announcement shared with LeapRate, as a gold sponsor, Exness will have a dedicated booth at a privileged location at Affiliate World Asia. Representatives of the borker’s affiliate team will present its affiliate programme at the event’s marketplace, engaging existing and potential partners in discussions about current and future business opportunities. Sergey…

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November 25, 2022 BY Steffy Bogdanova

Hong Kong’s SFC issues risk management guidance for futures brokers

Furthermore, futures brokers would be required to insist on collecting outstanding margin calls from clients who failed to meet two margin calls by the settlement deadline in the preceding 30 calendar days. Where applicable, futures brokers will also be required to follow their in-house policies towards forced liquidation and they would also need to set…

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