Fraud, Scams & Cybercrime

MAS Bars Former DBS Wealth Planner for Cheating Clients

20/03/2022

The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.

ESG Data

MAS, CDP Partner to Enhance Access to Quality ESG Data

20/03/2022

MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.

Conduct, Culture & Accountability

ASIC to Review Whistleblower Policies for Noncompliance

20/03/2022

ASIC will consider enforcement action and other regulator tools where compliance falls short of expectations, says commissioner Sean Hughes.

AI Risk & Governance

Japan FSA Progresses Work on AI-based Translation System

19/03/2022

Translated financial documents were used as training data for the AI system, helping to improve the efficiency and accuracy of translations between Japanese and English.

KYC & CDD

RBI Orders Paytm Payments Bank to Stop Onboarding Clients

19/03/2022

The bank reportedly violated rules by allowing data to flow to servers overseas and did not properly verify thousands of customers.

Cryptocurrency

Ripple Calls on Korea to Further Develop Digital Assets Framework

19/03/2022

New policy paper calls for the implementation of a “risk-sensitive” digital asset regulatory framework to provide certainty and encourage innovation in the sector.

Clearing & Post-Trade

European Commission Proposes Enhancements to CSDR

19/03/2022

The proposal seeks to provide more proportionate and effective rules for CSDs, while also facilitating their ability to offer cross-border services.

Conduct, Culture & Accountability

Australia Releases Terms of Reference for Quality of Advice Review

18/03/2022

The review presents will assess how the regulatory framework for financial advice could deliver better outcomes for consumers.

Trading & Investment

Thai SEC, World Bank Partner on Capital Markets Development

18/03/2022

The study will help the SEC ensure the capital market is responsive to the needs of investors and serves as a key mechanism to drive the economy towards sustainable growth.