[Hong Kong] Arrest warrant issued for alleged social
media ramp-and-dump manipulator
SFC Enforcement news, 1 Apr 2021
The Eastern Magistrates’ Court issued a warrant to
arrest Ms Zeng Lingxi after she failed to appear in Court to answer two charges
of obstructing the SFC’s search operation in May 2020. Zeng, an alleged member
of a syndicate suspected of operating social media ramp-and-dump scams, is
summoned for obstructing employees of the SFC in the execution of a search
warrant and in exercising the powers under the Securities and Futures Ordinance
during the search operation.
Full
text: click here
[Singapore]
Reply to Parliamentary Question on Crypto Asset Market
MAS
News, 5 Apr 2021
The
size of the cryptocurrency market in Singapore remains small compared to shares
and bonds, said Mr Tharman Shanmugaratnam, Senior Minister and Minister in
charge of MAS, while replying a parliamentary question regarding the size of
crypto asset market and how are crypto asset exchanges regulated in Singapore. Exchanges
offering the trading of cryptocurrencies are regulated as digital payment token
service providers under the Payment Services Act. As for securities tokens,
they are subject to the same securities laws as traditional securities.
Full
text: click here
[Hong
Kong] Market Misconduct Tribunal sanctions two former executives for insider
dealing in Asia Telemedia Limited shares
SFC
Enforcement news, 7 Apr 2021
The
Market Misconduct Tribunal (MMT) has sanctioned two former executives of Asia
Telemedia Limited (ATML) (now known as Yunfeng Financial Group Limited) – Mr
Charles Yiu Hoi Ying and Ms Marian Wong Nam. Yiu and Wong was banned from
dealing in securities in Hong Kong for three years, effective from 15 April
2021. The losses of $3,123,329.02 and $1,076,937.97 avoided by Yiu and Wong,
respectively, in their insider dealing of ATML shares also be disgorged.
Full
text: click here
[Hong
Kong] Circular to Money Service Operators Anti-Money Laundering /
Counter-Terrorist Financing - United Nations Sanctions (ISIL and Al-Qaida)
Regulation, United Nations (Anti-Terrorism Measures) Ordinance, United Nations
Sanctions (Somalia) Regulation 2019, United Nations Sanctions (Sudan)
Regulation 2013, United Nations Sanctions (Central African Republic) Regulation
2020 & United Nations Sanctions (Yemen) Regulation 2019
C&ED
Circular, 7 Apr 2021
Hong
Kong Customs and Excise Department issued a circular regarding the updated lists
on the above-captioned regulation. The C&ED expects all new designations to
be screened by Money Service Operators against their client lists as soon as
practicable whenever there are updates.
Full
text: click here
[Singapore]
Person charged for false trading and unauthorised use of trading accounts under
the Securities and Futures Act
MAS
Enforcement, 8 Apr 2021
Mr
Goh Jia Poh, Kenneth was charged for offences under the Securities and Futures
Act, as he is accused of trading in multiple securities listed on the Mainboard
or the Catalist of the Singapore Exchange Securities Trading Ltd, for the
purpose of creating a false appearance regarding the market for the securities.
These trades took place between 6 January 2016 and 20 September 2018. In the
course of his conduct, Mr Goh used various trading accounts including four
which did not belong to him, without duly notifying the relevant brokerages.
Full
text: click here
