Clearing & Post-Trade

Sri Lanka to Shorten Equities Settlement Cycle from 10 June

16/05/2024

The CSE said it has amended the clearing house rules to facilitate the shortening of the settlement cycle from T+3 to T+2.

Anti-Money Laundering

Malaysia Taking Steps to Enhance AML/CFT Regime

16/05/2024

Malaysian laws are being reviewed to address “gaps and implementation issues” and “elevate beneficial ownership reporting”.

Conduct, Culture & Accountability

Korea FSS Reveals Arbitration Results for Mis-sold ELS Products

16/05/2024

The final compensation ratio in representative cases from five banks varied from 30 to 65 percent.

Fraud, Scams & Cybercrime

CSRC Opens Investigation Into Hedge Fund Firm

16/05/2024

The investigation was prompted by reports that the firm’s controlling shareholder “ran away”.

Anti-Money Laundering

FinCEN, SEC Propose AML Rule for Investment Advisers

16/05/2024

The rule, if adopted, would require investment advisers to implement procedures for verifying the identity of each customer.

Tokenisation

StanChart, Mastercard Complete PoC Involving Tokenised Carbon Credits

15/05/2024

Mastercard, StanChart, Mox Bank and Libeara are partnering to catalyse the adoption of tokenisation in financial assets.

PEPs & Sanctions

Australia Issues New Sanctions Over “Iran’s Destabilising Behaviour”

15/05/2024

Five individuals and three entities were targeted, including senior officials who contribute to Iran’s missile and drone programmes.

PEPs & Sanctions

OFAC Sanctions Four Targets Over Sanctions Evasion Scheme

15/05/2024

The targets were involved in a scheme to disguise the ownership of shares to facilitate divestment by a sanctioned Russian oligarch.

Anti-Money Laundering

FATF, UNODC, INTERPOL Issue Joint Call to Action

14/05/2024

Countries are asked to step up their efforts to target the illicit profits generated by transnational organised crime.