Latest news with #financialRegulation
Bloomberg
7 days ago
- Business
- Bloomberg
Mexico Fined Financial Firms Targeted by US Over Drug Claims
Mexican regulators imposed 185 million pesos ($9.8 million) in fines last month on three firms that were targeted by the US Treasury for potentially aiding drug traffickers, according to government data. Intercam Banco SA and its brokerage were fined 92 million Mexican pesos for violations of anti-money laundering rules such as failing to have an automated registry of unusual activity or follow its own guidelines on high risk clients, according to newly released data in regulator CNBV's database of fines. CIBanco SA and its brokerage were fined nearly 67 million pesos, also under anti-money laundering rules, for failing to maintain records and processing inordinate amounts of US dollars in cash.
Yahoo
15-07-2025
- Business
- Yahoo
Singapore proposes to strip money launderers of directorships
By Weilun Soon (Bloomberg) — Singapore is considering stripping directorships from persons who have been convicted of money-laundering offences in the city state after a S$3-billion (US$2.34 billion) scandal that dented the Southeast Asian country's reputation as a global financial centre. The government is seeking feedback on such a proposal from the public as it contemplates changes to several legislations, including the Companies Act 1967, the Ministry of Finance and the Accounting and Corporate Regulatory Authority said in a request for public comments on Monday. Among the proposed changes is a suggestion to allow ACRA to share audit information with overseas audit regulators. The amendments aim to prevent misuses of companies for unlawful purposes as well as to safeguard shareholders' interests, the agencies said. The public can submit their comments until 31 July. The move is expected to strengthen Singapore's anti-money laundering regime after the the scandal that unfolded in 2023. The Monetary Authority of Singapore imposed composition penalties of S$27.5 million on nine financial firms, including Credit Suisse's Singapore branch and Citibank Singapore, for anti-money-laundering breaches. One of the suspects named in the case, Wang Junjie, was a director at several companies related to some of those arrested. Wang was charged in January with offences related to falsifying accounts and representations. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
09-07-2025
- Business
- Bloomberg
South Africa's Financial Cop Beefs Up to Take Down Online Scams
South Africa's financial-markets regulator is ramping up its operations to combat an explosion in online scams. The Financial Sector Conduct Authority will spend 200 million rand ($11 million) over the next 18 months to build up the supervisory muscle to beef up monitoring and enforcement.
Yahoo
09-07-2025
- Business
- Yahoo
Dassault Systèmes: declaration of the number of outstanding shares and voting rights as of June 30, 2025
Press ReleaseVELIZY-VILLACOUBLAY, France — July 9, 2025 Declaration of the number of outstanding shares and voting rights as of June 30, 2025 Dassault Systèmes (Euronext Paris: FR0014003TT8, today announced below the total number of its outstanding shares and voting rights as of June 30, 2025, according to articles 223-16 and 221-3 of the General Regulation of the Autorité des marchés financiers. Number of outstanding shares: 1,344,885,108 Number of voting rights*: 2,017,243,755 *The total number of voting rights is calculated on the basis of the total number of outstanding shares, even if the voting rights attached thereto are suspended, pursuant to Article 223-11 of the General Regulation of the Autorité des marchés financiers relating to the method for calculating the percentages of holdings in shares and in voting rights. We invite our shareholders to refer to this article should they need to declare crossing of thresholds. Declarations related to crossing of threshold must be sent to: Dassault Systèmes, Investor Relations Service, 10, rue Marcel Dassault, CS 40501, 78946 Vélizy-Villacoublay Cedex (France). E-mail address: Investors@ ### ABOUT DASSAULT SYSTÈMES Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes' 3DEXPERIENCE platform, 370 000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit Dassault Systèmes Investor Relations Team FTI ConsultingBéatrix Martinez : Arnaud de Cheffontaines: +33 1 47 03 69 48+33 1 61 62 40 73 Jamie Ricketts : +44 20 3727 1600investors@ Dassault Systèmes Press ContactsCorporate / France Arnaud Malherbe / Déborah Cobbi +33 1 61 62 87 73 / +33 1 61 62 70 / Attachment Dassault Systèmes: declaration of the number of outstanding shares and voting rights as of June 30, 2025Sign in to access your portfolio
South China Morning Post
03-07-2025
- Business
- South China Morning Post
How Hong Kong can win race to become world's tokenisation hub
When BlackRock's chairman Larry Fink declared in his annual letter that 'every stock, every bond, every fund – every asset – can be tokenised', he wasn't forecasting some distant revolution. He was describing a shift already under way – one that is beginning to reshape how capital is formed, how assets are distributed and who gets access to financial opportunity. At the centre of this transformation is a once-niche concept rapidly entering the mainstream: tokenised real-world assets (RWAs). Today, more than US$24 billion in RWAs circulate on public blockchains. These range from yield-bearing US Treasuries and private credit pools to tokenised commodities and real estate. What once seemed like a cryptocurrency curiosity is becoming part of global financial infrastructure. Behind the scenes, the pipes of capital markets are being quietly rewired. The question is no longer whether tokenisation will reshape finance but who will shape it. With the release of its ' Policy Statement 2.0 on the Development of Digital Assets' on June 26, Hong Kong has made a case that it intends to lead. The statement introduced the 'Leap' framework, which expands the regulatory perimeter to include stablecoin issuers, custodians and RWA platforms. More importantly, it sent a clear message that Hong Kong is actively championing tokenisation rather than just allowing it to happen. The Leap framework – short for legal and regulatory streamlining, expanding tokenised products, advancing use cases and people and partnership development – formalises stablecoin licensing, provides clarity on tokenised exchange-traded funds and builds on earlier pilots in digital bond issuance and green finance. It also embraces a wider vision of encouraging the tokenisation of everything from precious metals to renewable infrastructure.
