Fintech / Regtech

Malaysia SC Enhances PLC Surveillance With AI Technology

26/03/2024

An internally developed AI-powered tool called ‘PLC360’ can predict the likelihood of misconduct and identify emerging trends and supervisory concerns.

Crypto / Digital Assets

OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

26/03/2024

The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.

Market Infrastructure

China Relaxes Rules on Cross-border Data Transfers

26/03/2024

The new rules allow businesses to transfer certain types of data overseas without declaration or security reviews, addressing concerns from foreign businesses.

ESG / Sustainability

RBNZ Finalises New Guidance on Managing Climate Risk

26/03/2024

Accounting for consultative feedback, the guidance includes more examples, reduces overlaps with other guidance, and draws more links to existing parts of the prudential regime.

Enforcement

US, UK Announce Sanctions Against China-based Hackers

26/03/2024

A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.

Securities / Derivatives

SGX to Start Disclosing Commodity Positions of Traders in Q3

26/03/2024

SGX will start disclosing commitment of traders reports weekly, initially for iron ore, rubber and freight, to attract more overseas participation in its markets.

Enforcement

ESMA FInes Scope Ratings for Conflict of Interest Breaches

26/03/2024

ESMA said Scope fell short of the requirements under the Credit Rating Agencies Regulation on handling conflicts of interest.

Securities / Derivatives

Bursa Malaysia Announces Listing of First Business Trust

26/03/2024

The business trust listing structure is particularly suitable for capital-intensive infrastructure assets that have stable cash flows.

AML / KYC

HK-based Certizen Technology Becomes LEI Validation Agent

26/03/2024

Certizen Technology’s new status will help to ease and streamline LEI issuance, allow LEI data elements to be embedded in digital certificates, and help promote cross-border trade.