ESG / Sustainability

FSA Issues Guidance to Japanese FIs on Using NGFS Scenarios

19/04/2022

The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.

Securities / Derivatives

Japan to Remove Quarterly Reporting Requirements

19/04/2022

Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.

Market Infrastructure

China to Unify Domestic Markets to Prevent Unfair Competition

19/04/2022

China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.

AML / KYC

APAC Banks Need to Increase Vigilance to TBML Risks

19/04/2022

Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.

AML / KYC

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

Enhancements to HK Personal Loan Guarantee Scheme Take Effect

19/04/2022

The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.

AML / KYC

CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape

18/04/2022

“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.

AML / KYC

NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case

18/04/2022

Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.

AML / KYC

AIST Seeks Clarity on SoF, SoW Expectations for Super Funds

18/04/2022

AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.