AML / KYC

OCBC Files Suit Against Money Laundering Suspect – Report

04/12/2023

The suspect was among the ten Chinese-born individuals arrested in August for offences including money laundering and forgery.

Market Infrastructure

StanChart HK Becomes Participant of China’s CIPS

04/12/2023

The bank is the first and only foreign bank in the offshore market to directly participate in CIPS.

Sanctions

US Lawmakers Call for Sanctions on Chinese Drone Maker

04/12/2023

Autel Robotics and its US subsidiary are engaged in a variety of sanctionable activities, a House of Representatives letter claims.

ESG / Sustainability

World Bank Unveils Roadmap for Scaling Carbon Markets

03/12/2023

The World Bank will help 15 countries earn income from the sale of carbon credits generated from preserving their forests.

Fintech / Regtech

Payments Into Europe Can Now Reach Beneficiaries “in Seconds”: Swift

03/12/2023

The EPC’s One-Leg-Out Instant Credit Transfer scheme enables payments to and from Europe to be processed 24 hours a day, seven days a week.

Securities / Derivatives

Bursa Malaysia Launches Investor Relations Support Programme

03/12/2023

The so-called “IR4U programme” provides tools and resources to help Malaysian listed companies develop their investor relations function.

ESG / Sustainability

IFRS Foundation Launches Knowledge Hub for ISSB Standards

03/12/2023

The hub will help companies prepare for their ISSB disclosures, and help auditors, investors, and regulators better understand the new standards.

Enforcement

FINRA Fines BofA Securities for Spoofing in Treasury Markets

03/12/2023

FINRA said a former BofA Securities supervisor and junior trader conducted 717 spoof trades, and the firm’s systems were not able to detect such activity.

Securities / Derivatives

Korea FSS to Tighten Rules on Sale of Bond Investments

03/12/2023

The rule changes are needed to ensure investors understand the risks and transaction costs of bond investments, the FSS said.