AML / KYC

Malaysia Secures Settlement from KPMG to Resolve 1MDB Claims

18/09/2021

The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB’s 2010-2012 financial statements.

Crypto / Digital Assets

Laos Authorises Six Companies for Crypto Mining, Trading

18/09/2021

Government ministries will work with the central bank and national power utility to decide on rules governing the use of cryptocurrencies.

Huarong Puts Assets Up for Sale in Restructuring Effort

18/09/2021

The move follows an agreement by state-backed investors including Citic Group to recapitalise Huarong.

S. Korea to Extend Loan Support for SMEs Six More Months

18/09/2021

To help support small businesses, state-run financial institutions will provide liquidity worth about 4 trillion won.

Market Infrastructure

BSP Directs Payment Systems to Adopt PFMI Standards

18/09/2021

Designated payment systems are expected to demonstrate adequate governance and risk management arrangements in line with the PFMI.

Enforcement

ACCC Launches Formal Investigation into Apple Pay

17/09/2021

Cards held in a third-party wallet such as a bank app can pay in-store only if they are routed through Apple Pay for a cost.

AML / KYC

RBI Invites NBFCs to Apply for Aadhaar Authentication Licences

17/09/2021

With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.

Securities / Derivatives

FINMA Grants Approval Allowing SIX to Deal in Digital Securities

16/09/2021

SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.

Securities / Derivatives

MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market

16/09/2021

MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.