Fintech / Regtech

MAS to Cooperate with Saudi Central Bank on Fintech

19/10/2023

MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.

Securities / Derivatives

SSE to Transition All Bond Bookbuilding to Centralised System

18/10/2023

The Shanghai exchange said bond issuers can use the centralised system voluntarily until 31 December, then it will become mandatory.

Sanctions

OFAC Sanctions Hamas Operatives, Financial Facilitators

18/10/2023

OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.

AML / KYC

MAS to Commence Bank AML Inspections Within Weeks – Report

18/10/2023

The inspections will target banks whose clients were among those charged in Singapore’s S$2.8bn money laundering case.

Sanctions

US Tightens Export Controls on Advanced Computing Chips

18/10/2023

The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.

Market Infrastructure

CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements

18/10/2023

The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.

Enforcement

Former Bank of China Chairman Arrested on Corruption Charges

18/10/2023

Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China’s anti-corruption campaign.

Russia’s Sberbank Secures FPI Registration in India

18/10/2023

State-owned Sberbank is the first Russian bank to secure Category I FPI registration in India. VTB is also seeking the licence.

Crypto / Digital Assets

California Governor Approves Digital Financial Assets Law

18/10/2023

The law grants California’s DFPI the authority to develop a regulatory framework for crypto activities in the state.