Citibank, DBS, HSBC, ICBC, and StanChart are among the participating banks.
Transactions that raised over $1bn were used to "perpetrate a hidden debt scheme", pay kickbacks to investment bankers, and bribe government officials.
LCH says accepting SGD collateral will be an important tool for improving liquidity management and optimising margin costs.
Under the changes, ACRA can conduct inspections on accountants for compliance with AML/CFT requirements, and impose penalties for non-compliance.
The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.
Thai SEC to Collaborate with Environmental OrganisationsOctober 20, 2021
AUSTRAC Seizes Star Casino Files in Money Laundering ProbeOctober 20, 2021
FSB Seek Global Harmonisation in Cyber Incident ReportingOctober 20, 2021
Credit Suisse Settles Charges Over Mozambique ‘Secret Debt’October 20, 2021
BIS Outlines Principles for Designing Effective TaxonomiesOctober 20, 2021
New Beijing Stock Exchange Prepares for LaunchOctober 20, 2021
LCH Expands Eligible Collateral to Include SGD SecuritiesOctober 20, 2021
India, US Pledge to Take Stronger Action Against Financial CrimeOctober 20, 2021
Singapore Consults on Amendments to Accountants ActOctober 20, 2021
Transition Guidance is “Fundamentally Important”, says FSA’s IkedaOctober 20, 2021