Tag: Giorgia Meloni

Regulatory Watch News

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  First AMLA Conference

  AMLA

  June 9, 2026

  AMLA’s first conference will take place 9 June 2026 at the Alte Oper in Frankfurt am Main, Germany. The event will bring together senior representatives from Europe’s supervisory, financial intelligence, and regulatory communities, alongside private sector leaders, marking a defining moment in the EU’s approach to combating money laundering and terrorist financing. Through a mix of keynote speeches and panel discussions, the conference will address a wide range of issues shaping today’s fight against financial crime, from policy and supervision to operational practice and innovation.

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  Movie producer Wong Pak Ming sentenced to jail and fined in SFC’s insider dealing prosecution

  Securities and Futures Commission

  June 9, 2026

  The West Kowloon Magistrates’ Court today sentenced well-known movie producer Mr Wong Pak Ming to five months of imprisonment, following his conviction of insider dealing in the shares of Pegasus Entertainment Holdings Limited (Pegasus) in a criminal prosecution brought by the Securities and Futures Commission (SFC) (Note 1). Following a 16-day trial, Wong was earlier convicted of deliberately misusing inside information obtained in his capacity as chairman and controlling shareholder of Pegasus, and advising his sister via multiple WhatsApp messages on the timing and the price to trade in the company’s shares before that information was disclosed to the market. He was ordered to pay a fine of $99,720, equivalent to the realised profits his sister earned from her dealing in Pegasus shares. He was also ordered to pay the SFC’s investigation costs of $374,305.48.

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  SEC Establishes Joint Data Standards as Required Under the Financial Data Transparency Act of 2022

  SEC

  June 8, 2026

  Washington D.C., June 8, 2026 —

  The U.S. Securities and Exchange Commission established joint data standards under the Financial Data Transparency Act of 2022. The final rule establishes technical standards for data submitted to certain financial regulatory agencies. Eight additional agencies have established or are expected to act on establishing the joint standards: the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, the Consumer Financial Protection Bureau, the Department of the Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency. The joint standards are designed to promote interoperability of financial regulatory data across the agencies by establishing common identifiers for entities, geographic locations, dates, and certain products and currencies.