AML / KYC

OFAC Settles Deutsche Bank Trust Sanctions Violations

13/09/2020

The settlement covers a large payment linked to a designated oil company and 61 payments made to a sanctioned bank in 2015.

S. Korea Unveils Details of New Consumer Credit Bill

13/09/2020

The bill obliges lenders to offer debt restructuring plans to delinquent borrowers if such a request is made, and places restrictions on the use of debt collection agencies.

AML / KYC

Japanese Police Probe Thefts from NTT Docomo E-money Service

11/09/2020

NTT Docomo reportedly did not notify many of its partner banks after similar thefts last year, a warning which may have allowed them to bolster authentication protocols.

Capital / Liquidity

India Supreme Court Temporarily Extends Borrower Relief

11/09/2020

The extension gives the government two weeks to decide on whether to extend a loan moratorium for borrowers and whether an interest waiver is warranted.

ESG / Sustainability

NGFS Seeks Wider Adoption of Environmental Risk Analysis at FIs

10/09/2020

The NGFS is calling for wider use of ERA in the financial industry, offering case studies to showcase the adoption of ERA tools and methodologies by some FIs.

Fintech / Regtech

Thailand Starts Issuing Govt Savings Bonds on Blockchain

10/09/2020

The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.

AML / KYC

EBA Calls for Harmonised AML/CFT Framework Across EU

10/09/2020

Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.

Securities / Derivatives

China NIFC Issues Rules for Anonymous Bond Auctions

10/09/2020

Anonymous bond auctions are typically used to dispose of defaulted bonds at a discount, without the seller having to reveal their identity to the buyer.

ESG / Sustainability

IOSCO to Harmonise Global ESG Disclosure Frameworks – Report

10/09/2020

A new IOSCO taskforce will work to identify commonalities across sustainability disclosure standards from across the world to develop principles-based guidelines.