Enforcement

ACMA Fines CBA for Breaching Australia’s Spam Laws

08/06/2023

CBA sent more than 65 million emails that did not comply with Australia’s spam laws, the ACMA said on Wednesday.

Market Infrastructure

RBI Unveils Plans to Enhance Payment Systems

08/06/2023

The RBI will allow Indian banks to issuance RuPay prepaid forex cards and expand the scope and reach of e-RUPI digital vouchers.

Crypto / Digital Assets

US SEC’s Binance Suit Delays Korea Gopax Acquisition

08/06/2023

The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.

Securities / Derivatives

Bursa Gets In-Principle Approval for New Debt Fundraising Platform

08/06/2023

The Securities Commission has granted Bursa and RAM in-principle approval to manage and operate a new debt fundraising platform.

Fintech / Regtech

Australia Confirms it Will ‘Pause’ CDR Expansion Plan

08/06/2023

Treasury is pausing plans to expand the CDR to the superannuation, insurance and telecommunications sectors.

Crypto / Digital Assets

Philippine SEC Delayed Roll-out of Crypto Rules Last Year Due to FTX

07/06/2023

The SEC was ready to issue a new regulatory framework for crypto assets late last year, but decided to delay its release to incorporate lessons from the FTX collapse.

Market Infrastructure

Korea Approves Bill to Abolish Foreign Investor Registration System

07/06/2023

The abolishment of the cumbersome registration system after 30 years is expected to boost foreign investment in Korean markets.

Capital / Liquidity

SFC Imposes Lifetime Ban on Director of Licensed Firms

07/06/2023

A director for two licensed firms was banned for life over failures to maintain sufficient liquid capital, and for lying to the SFC.

AML / KYC

NZ DIA Lists Common Areas of AML Non-Compliance at DNFBPs

07/06/2023

Common areas of non-compliance were identified from a review of 60 law firms, accounting practices and real estate agents.