AML / KYC

SWIFT Details How Cyber Criminals Encash Stolen Funds

03/09/2020

In a new report, SWIFT and BAE Systems reveal how cyber attackers launder money and ‘cash out’ following large-scale heists.

Market Infrastructure

Amex Joint Venture Commences Card Clearing Operations in China

03/09/2020

The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.

Securities / Derivatives

CSRC Grants Citigroup Fund Custody Licence in China

02/09/2020

Standard Chartered is the only other foreign bank to have obtained a fund custody licence in China. Citi becomes the first US bank to do so.

Securities / Derivatives

DBS Approved to Establish Securities Joint Venture in China

02/09/2020

DBS has become the eighth foreign financial institution to win approval to take majority ownership of a securities venture in China.

Securities / Derivatives

SEHK to Codify General Waivers to Streamline Listing Process

02/09/2020

Hong Kong’s stock exchange will codify a number of general waivers and principles relating to IPOs and issuers, effective from 1 October 2020.

ESG / Sustainability

Thailand SEC, UK Govt to Collaborate in Financial Sector

02/09/2020

The initial focus areas of the partnership will include green bonds, the fintech ecosystem, e-KYC and cybersecurity, the SEC and UK government said.

Capital / Liquidity

RBA Expands Low-cost Term Lending Facility for Banks

02/09/2020

The expansion brings the total available funding under the term lending facility to about A$200 billion, said RBA governor Philip Lowe.

AML / KYC

BNM Issues Guidance Documents on AML/CFT Obligations

02/09/2020

Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.

Fintech / Regtech

China: Two More State-Banks Join Digital Yuan Testing

02/09/2020

Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.