Nithya Subramanian

The proposed law will allow police to restrict banking transactions for victims who refuse to believe they are being scammed.

Over 6,000 accounts have been blocked to prevent online gamblers from accessing financial services and "create a deterrent effect".

Effective from October 2024, the new rules aim to enhance transparency, boost competition, and protect borrowers from excessive fees.

FINRA said the parameters of the surveillance systems were set too narrowly, leading to failures to detect potentially manipulative trading.

A five-year PO was issued against a former representative of RHB Securities for manipulating Catalist-listed Koyo International.

Galois Capital Management used crypto trading platforms like FTX to hold crypto assets for fund investors instead of qualified custodians.

The FBI has issued an advisory warning of advanced social engineering tactics being used by North Korean hackers to steal crypto assets.

The regulator will reportedly require an independent expert review to evaluate four areas: model risk, risk data quality, traded risk, and credit risk.

The CFTC's Ian McGinley said DeFi operators must be vigilant to ensure transactions comply with the law. Two commissioners dissented.

The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.