Fintech / Regtech

HKMA, BOT Launch Cross-border QR Payment Linkage

05/12/2023

Travellers from Thailand and Hong Kong can make retail payments by using their mobile banking apps to scan the Hong Kong and Thai QR codes displayed by merchants.

Crypto / Digital Assets

Cristiano Ronaldo Facing Class Action Over Binance Endorsement

04/12/2023

The $1bn lawsuit claims the endorsement led the plaintiffs to make loss-making investments, including in “CR7” branded NFTs.

ESG / Sustainability

MAS Launches Coalition to Test Carbon Credits for Coal Phase-Out

04/12/2023

Two pilot projects will be undertaken to test the use of transition credits to help finance the early retirement of coal-fired plants.

ESG / Sustainability

Emerging Market FIs to Get ‘Enhanced’ Climate Finance Assistance

04/12/2023

International organisations including the World Bank, IMF, GFANZ and others will provide enhanced capacity building support to financial institutions in EMDEs.

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.