Enforcement

Philippine SEC Strengthens Director Disqualification Rules

08/03/2022

The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

AML / KYC

Japan to Freeze More Russian Assets, Block More Exports

08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

Market Infrastructure

China to Establish Financial Stability Fund to Defuse Risk

08/03/2022

Premier Li Keqiang said at the NPC’s annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.

AML / KYC

S. Korea Imposes Additional Sanctions Against Russia

08/03/2022

The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.

AML / KYC

IMDA Starts Onboarding Banks to New SMS SenderID Registry

08/03/2022

IMDA has begun onboarding banks and other organisations on the new system, which will prevent spoofed SMS text messages from being sent upfront.

HKMA Seeks to Reassure Bankers Over Covid Restrictions

07/03/2022

Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.

AML / KYC

Bangladesh to Investigate Allegations in Panama, Paradise Papers

07/03/2022

A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.

Securities / Derivatives

SEBI Extends Timeline for Brokers to Segregate Client Collateral

07/03/2022

The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.

Securities / Derivatives

SFC Directs Licensed Corporations to Plan for Contingencies

07/03/2022

The SFC expresses concern that some licensed firms may not have plans in place to deal with financial distress or the sudden unavailability of key staff.