Anti-Bribery & Corruption

Ex-PBOC Deputy Governor Arrested on Bribery Suspicions

22/06/2023

Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.

Structural Regulation

HKEX Expands Global Footprint with New York Office

22/06/2023

HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.

Supervision & Enforcement

Philippines: Lenders, Subcontractors Face Charges for Borrower Harassment

21/06/2023

Charges filed under new consumer protection law which in May 2022 explicitly outlawed the harassment and humiliation of borrowers.

Conduct, Culture & Accountability

Australia MFAA Supports AFCA Proposal to Enhance Complaints Resolution

21/06/2023

MFAA said AFCA’s proposal will enhance the efficiency of its complaint processes and will make the scheme fairer for all participants.

DeFi & Web3

French Regulator Calls for Global Approach to DeFi Regulation

21/06/2023

The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

Anti-Money Laundering

AMLC Sheds Light on Terrorism Financing Threats Facing Philippines

21/06/2023

New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.

Fraud, Scams & Cybercrime

Taiwan Launches Action Plan to Boost Anti-Fraud Effort

21/06/2023

The action plan includes measures to identify, block, prevent and punish fraud, and improve seizure and recovery practices.

Trading & Investment

SFC Grants Securities Licence to Virtual Bank for the First Time

21/06/2023

With the new licence, Mox Bank will start piloting Hong Kong and US equity trading services in the HKMA sandbox “soon”.

Tokenisation

BIS Offers Blueprint for Future Monetary & Financial System

21/06/2023

The BIS says the future financial system will combine tokenised money and assets on a programmable platform.