Anti-Money Laundering

FATF Issues New Report on Digitalisation of FIUs

28/10/2021

The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.

Anti-Money Laundering

Korea, UAE to Strengthen Cooperation on AML Efforts

28/10/2021

KoFIU and UAE’s FIU have signed an MoU agreeing to strengthen bilateral cooperation and exchange AML/CTF information.

Structural Regulation

China Expands Futures Law to Include OTC Derivatives

28/10/2021

ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.

Anti-Bribery & Corruption

SFC Bans Former StanChart Licensee for Life

28/10/2021

The former licensee failed to disclose to the SFC in licensing applications that he was the subject of a criminal investigation.

Payments & Settlements

Singapore Sees Launch of DLT-based Payment Platform, Partior

27/10/2021

With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.

CBDCs

Nigeria Launches Central Bank Digital Currency, eNaira

27/10/2021

The eNaira is expected to boost cross-border trade and financial inclusion, improve transaction efficiency, and make monetary policy more effective.

Market Risk

APRA Defers Implementation of IRRBB, FRTB, CVA Risk

27/10/2021

The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.

Trading & Investment

Deutsche Bank Launches FX Trading Infrastructure in Singapore

27/10/2021

The launch is in line with a MAS objective to develop Singapore into a regional FX trading hub. RBC Capital Markets and Nomura also plan similar launches later this year.

Sustainable Finance

Singapore Launches New Family Office Network, GFO Circle

27/10/2021

The GFO Circle is a “one-of-a-kind” public-private partnership to bring the family office industry together, said MAS executive director Ms Thong Leng Yeng.