Enforcement

Temporary Relief to NSE Directors, Brokerages in Algo Case

07/05/2019

Three brokerages facing market bans had asked for a temporary stay to close out open futures and options positions.

Enforcement

Malaysia Extradites Former Goldman Banker to US

07/05/2019

Extradited from Malaysia, the former Goldman Sachs banker Roger Ng has pleaded not guilty to 1MDB-related charges in the US, and has been released under house arrest.

AML / KYC

Philippine FIU Seeks an End to Bank Secrecy Law

07/05/2019

The AML Council is seeking additional powers to combat financial crime, including the lifting of the bank secrecy law, which would allow it to check all accounts regardless of transaction thresholds.

Securities / Derivatives

BSEC Publishes Draft Rules on Securities Short Selling

07/05/2019

The draft rules set out requirements for brokers and dealers in relation to short selling of securities, which is currently prohibited in Bangladesh.

AML / KYC

US Judge Subpoenas Chinese Banks in Sanctions Probe – Report

07/05/2019

A US federal judge has ordered three Chinese banks to provide documents in relation to a Hong Kong company which allegedly helped North Korea evade international sanctions.

Securities / Derivatives

SGX Central Depository Moves to Digital Account Opening

07/05/2019

CDP account opening can now be done online without paper documents, allowing for greater convenience, security and “a better experience” for retail investors.

Enforcement

RBI Fines Multiple Payment Service Providers

06/05/2019

The RBI has fined prepaid payment instrument issuers, two US money transfer firms and Yes Bank for non-compliance with regulatory guidelines.

Market Infrastructure

Securities Association Says MPFA Needs to Enable China Market Access

06/05/2019

MPF managers are allowed to invest in 40 approved overseas exchanges, but this does not include exchanges in China.

AML / KYC

Japan to Halt Overseas Transfers that Bypass Bank Accounts

06/05/2019

In preparation for this year’s FATF review, Japanese banks will reportedly terminate counter services for overseas remittances that bypass bank accounts.