On 8 November 2023, JKN filed a petition for business rehabilitation with the Central Bankruptcy Court. The Court issued an order accepting the rehabilitation petition on the following day, resulting in the occurrence of an Automatic Stay, and subsequently affecting the payment of interest and the repayment of all outstanding JKN bonds. The Court set the date for the examination of the JKN rehabilitation petition on 29 January 2024. If the Court issues an order for the rehabilitation of JKN and...

for tracking fund flows; and enhancing transparency and auditability through the disclosure of material information by listed companies.Accordingly, the SEC will continue to closely monitor

The SEC has issued guidelines requiring business operators to implement enhanced processes from the account opening stage, including the identification of the Ultimate Beneficial Owner (UBO), particularly in the case of juristic persons, the verification of the reasonableness of the source of funds, and the monitoring of customer transaction behavior. Where irregularities are identified, Enhanced CDD must be conducted, and suspicious transaction reports must be filed in accordance with the crite...