AML / KYC

China Consults on Draft CFT rules for Social Organisations

05/01/2025

Under the rules, social organisations have to undertake periodic TF risk assessments and implement risk prevention measures commensurate with their TF risks.

ESG / Sustainability

Philippine SEC Issues Draft Framework for Green Equity Offerings

05/01/2025

The ‘green equity’ designation signifies that over 50% of both revenue and investments are linked to green activities.

AML / KYC

Taiwan to Loosen Rules Imposed on Overseas Securities Clients

04/01/2025

The FSC will make account opening, order verification and fund deposits more convenient for overseas clients

Sanctions

US Sanctions Iranian, Russian Entities for Election Interference

04/01/2025

OFAC said affiliates of Iran’s IRGC and Russia’s GRU aimed to stoke socio-political tensions and influence the 2024 US election

Sanctions

BIS Proposes Rule to Address Foreign Threats in Commercial Drone Market

04/01/2025

The proposed rule seeks to safeguard the supply chain for unmanned aircraft systems or drones against foreign adversarial influences.

Capital / Liquidity

Taiwan FSC Amends FRTB and CVA Risk Requirements

04/01/2025

FSC announced changes to requirements for calculating capital for market risk, CVA risk, and securitisation exposures

Capital / Liquidity

OJK Indonesia Adjusts LCR, NSFR Regulations for Banks

04/01/2025

The amendments will require all conventional commercial banks including smaller banks to comply with the LCR and NSFR rules.

Crypto / Digital Assets

Japan FSA Outlines Tax Reform Proposals for Fiscal 2025

04/01/2025

The FSA aims to enhance the NISA system, simplify procedures related to tax treaties, and lower the tax on cryptocurrency gains.

Securities / Derivatives

SEBI Introduces Framework to Lower Entry Barrier for Passive Funds

04/01/2025

The framework allows PE funds set up in India or overseas to sponsor “MF Lite” entities, subject to certain conditions