AML / KYC

Philippine AMLC Extends Deadline for DNFBP AML Programmes

10/03/2022

The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.

AML / KYC

US President Calls for Comprehensive Approach to Digital Assets

10/03/2022

The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

Enforcement

FINRA Fines Deutsche Bank Securities for Best Execution Failures

10/03/2022

The firm routed customer orders to its own ATS before routing any part of the order to an exchange of the customer’s preference, FINRA said.

Philippines Passes Law to Ease Foreign Investment Restrictions

09/03/2022

Qualified foreigners can fully own domestic enterprises including SMEs without prior approval, as long as they hire local workers.

Securities / Derivatives

Nickel Short Squeeze Prompts Scrutiny from Chinese Regulators

09/03/2022

State-owned entities are being asked to provide data on their exposures energy and commodity-linked derivatives contracts.

Securities / Derivatives

Taiwan FSC Unveils Plans to Develop ESG Focused Industry Culture

09/03/2022

Investment firms will have to take ESG and climate considerations into account in investment decisions – even for non-ESG-themed fund products and proprietary trades.

Market Infrastructure

BOJ Forms Cross-Industry Forum on Interest Rate Benchmarks

09/03/2022

The Forum will facilitate discussions on efforts to enhance the reliability of JPY interest rate benchmarks and practical issues related to the choice and usage of those benchmarks.

AML / KYC

Australia Sanctions More Russians Over Disinformation Campaign

08/03/2022

Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.

ESG / Sustainability

Cambodia Launches New Code of Conduct for Banking & Finance

08/03/2022

Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.