AML / KYC

Pakistan Issues Consolidated List of Sanctioned Individuals, Entities

23/08/2020

The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.

AML / KYC

Thailand SEC to Simplify KYC Rules for Low Risk Investment Products

22/08/2020

The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.

AML / KYC

ISO Sets Standard for Embedding LEIs in Digital Certificates

22/08/2020

Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.

Capital / Liquidity

BSP Relaxes Real Estate Lending Limits for Banks

21/08/2020

The higher limit will encourage bank lending to households for the acquisition or construction of a residential real estate property the BSP said.

Enforcement

Scotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m

20/08/2020

Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.

Capital / Liquidity

New Zealand Expands Business Finance Guarantee Scheme

20/08/2020

The maximum loan amount and maximum term are being increased, and more businesses will have access to the scheme, until 31 December.

Market Infrastructure

Eximbank Issues South Korea’s First SOFR-linked Bonds

20/08/2020

State lender Eximbank is the first financial institution in South Korea and the third in Asia to issue SOFR-linked bonds.

Securities / Derivatives

Singapore Authorities Charge Five Remisiers for False Trading

20/08/2020

The five individuals charged were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

AML / KYC

APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020

19/08/2020

Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.