Enforcement

Former PBOC Official Under Probe for ‘Legal Violations’

08/11/2019

Reports indicate the investigation might be related to third-party payment licences issued by the central bank between 2011 and 2015.

Market Infrastructure

China Extends Use of Bond Collateral to All Domestic Futures

08/11/2019

The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

AML / KYC

Malaysia Proposes Cash Payment Limit to Curb Financial Crime

08/11/2019

The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.

AML / KYC

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

08/11/2019

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

AML / KYC

Fintel Alliance Is Critical to Financial Crime Fight: AUSTRAC

07/11/2019

The Fintel Alliance reveals its operational results in its annual report. A second report sets out financial indicators to help FIs detect and report child sexual exploitation.

Securities / Derivatives

CSRC Plans Additional Reforms to Ease Access to STAR Market

07/11/2019

The reforms include the removal of first day trading limits and faster processing of applications from companies seeking a listing.

Securities / Derivatives

MAS Approves Sandbox Launch of Blockchain Based Bond Exchange

07/11/2019

Singapore-based fintech BondEvalue will use a permissioned blockchain to enable electronical trading of bonds, in $1,000 denominations, with instant settlement and greater price transparency.

Enforcement

SFC Bans Former HSBC Relationship Manager for One Year

07/11/2019

The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.

Market Infrastructure

China, Hong Kong to Establish Wealth Management Connect Scheme

07/11/2019

The scheme will enable residents of Hong Kong and other GBA cities to invest in wealth management products in each other’s market through their respective banking systems.