Korea FSS to Ease Restrictions on External Network Access

21/09/2020

The FSS will ease restrictions on external access to network systems at local financial firms, in line with new norms amid the Covid-19 pandemic.

Securities / Derivatives

Malaysia Launches Physically Delivered MGS Futures Contract

21/09/2020

The revised contract will enhance risk management at FIs and allow them to hedge interest rate risks, while also providing new trading opportunities for other market participants.

Securities / Derivatives

IOSCO Publishes Guidance on Debt Raising Conflicts of Interest

21/09/2020

The final guidance presents nine measures that address potential conflicts of interest and associated conduct risks when issuers are preparing to raise debt finance.

AML / KYC

Australian Banks Flagged in SARs from FinCEN Files

21/09/2020

Among the potentially suspicious transactions were more than $174mn of possibly illicit funds that flowed through Australian banks.

AML / KYC

MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files

21/09/2020

The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.

BOT Sets Out New Rules for ‘Digital Personal Loans’

21/09/2020

Under the regulations, alternative data including payment information relating to water, electricity and telephone bills can be used to support loan applications.

AML / KYC

Covid-19 Presents Opportunity to Disrupt Criminals: APG

20/09/2020

In its latest typologies report, the APG says Covid-19 may provide a unique opportunity for law enforcement and FIUs to detect and disrupt certain money laundering operations.

Enforcement

Korea to Introduce Civil Penalties for Unfair Trading

20/09/2020

Currently, unfair trading activities are punishable under criminal law, but prosecutions often take a long time due to the high burden of proof required.

AML / KYC

Cambodia, China Reject US Sanctions Against Chinese SOE

20/09/2020

OFAC alleges that Chinese state-owned company Union Development Group seized land from locals for development through a corrupt Cambodian general.