AML / KYC

GLEIF Forms New Advisory Board to Promote vLEI Adoption

05/07/2024

The vLEI Technical Advisory Board will provide technical, governance, and developmental support to the vLEI stakeholder ecosystem as it grows.

ESG / Sustainability

NGFS Publishes New Reports on Nature-related Risks

05/07/2024

The first report offers a conceptual framework for nature-related financial risks. The second focuses on nature-related litigation.

Crypto / Digital Assets

EBA Publishes Travel Rule Guidelines for Crypto Sector

05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

Securities / Derivatives

ESMA Publishes Trade Transparency Standards for MiCA

05/07/2024

ESMA report includes standards for how crypto trading platforms should publish data required for pre-and post-trade transparency.

Fintech / Regtech

Korea to Provide Policy Finance Support for AI Development

04/07/2024

Korea Development Bank will provide KRW 3 trillion in low-interest rate loans to AI-related sectors and create a new “AI Korea Fund” worth KRW 500 billion.

China to Cap Salaries in Financial Industry – Report

04/07/2024

The measure could be applied retroactively, requiring those who earned more than CNY 3 million over the past few years to return the excess.

Securities / Derivatives

China Launches Covered Bond Programme for Private Firms

04/07/2024

Four companies issued bonds on Tuesday through the new programme, which aims to help private businesses secure financing.

AML / KYC

FATF Plans to Update Guidance for Money Laundering NRAs

04/07/2024

The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

Enforcement

Singapore Jails Former Fund Manager for Deceptive Conduct

04/07/2024

Sun Weiyeh is the first to be convicted under the SFA for fraudulent or deceptive conduct relating to OTC bond trading.