Anti-Bribery & Corruption

FinCEN Issues Guidance on Detecting Foreign Public Corruption

17/04/2022

The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.

Fraud, Scams & Cybercrime

SEBI Fines BSE, NSE for Failure to Detect Karvy Fraud

17/04/2022

Karvy Stock Broking misused INR 23 billion worth of securities belonging to more than 95,000 clients, pledging them with 8 banks to raise INR 8.5 billion for its own use.

Tokenisation

China: Industry Bodies Warn of NFT-related Financial Risks

17/04/2022

China’s internet finance, banking and securities associations have outlined six measures to curb “NFT financialisation and securitisation” and prevent NFT-related illegal activity.

PEPs & Sanctions

GCFFC Task Force to Drive Sanctions Compliance in Crypto

17/04/2022

The founding members of the task force are Chainalysis, Elliptic, GDF and Safello, who will together work to support sanctions compliance in the crypto industry.

Liquidity Risk

PBOC Cuts RRR for Banks as Economic Uncertainty Looms

17/04/2022

The cut will free up an estimated CNY 530 billion in banking system liquidity to support the economy and keep financing costs stable.

Trading & Investment

SEBI Issues Risk Management Framework for New EGR Segment

17/04/2022

The framework sets out a system for stock exchanges to collect margins from trading members to cover potential losses from trading in Electronic Gold Receipts.

Liquidity Risk

RBI Introduces New Standing Deposit Facility for Banks

16/04/2022

The facility allows banks to deposit excess liquidity at the RBI, without the central bank having to provide government securities as collateral in exchange.

Trading & Investment

BSEC Tightens Circuit Breaker Limit for Dhaka SME Board

15/04/2022

The SME board commenced trading last October and has seen volume spikes as a result of a waiver from a requirement for traders to register.

Payments & Settlements

RBI to Simplify E-Commerce Payment Settlement Process

15/04/2022

Foreign entities seeking to operate as payment gateways and aggregators for e-commerce-related export and import transactions would have to be authorised in India.