Anti-Money Laundering

Singapore Charges its First National for Terrorism Financing

17/04/2019

Singapore’s Ministry of Home Affairs has confirmed that a Singaporean man has been charged for allegedly financing the publication of ISIS propaganda.

Supervision & Enforcement

APRA Adopts New, Tougher Enforcement Approach

17/04/2019

Under the new enforcement approach, APRA will be more willing to use its full range of powers to deter bad practices and hold entities and individuals to account.

Anti-Money Laundering

FATF to Adopt ‘Open-ended’ Mandate Starting in 2020

17/04/2019

The new open-ended mandate recognises FATF’s leadership role and strengthens its capacity to respond to threats facing the financial system.

Trading & Investment

China Announces Tax Breaks for Investors in CDRs

17/04/2019

Investors will be exempt from tax on profits from trading CDRs for three years, in addition to preferential tax treatment on dividend income.

Clearing & Post-Trade

Malaysia Consults on Migration to Scripless Securities Market

17/04/2019

Bursa Malaysia has issued new rule amendments to facilitate a move towards paperless record keeping and certificate issuance for the securities market.

Conduct, Culture & Accountability

Citigroup Australia to Refund Customers for Complex Product Losses

16/04/2019

The A$3mn compensation programme follows an ASIC investigation which found that 114 retail investors lost money from investing in complex products based on improper advice.

Fraud, Scams & Cybercrime

Deloitte Indian Unit Under Investigation in IL&FS Case

16/04/2019

A letter from a whistleblower at Deloitte’s local India unit has triggered a malpractice investigation into its role as auditor for the troubled IL&FS group.

Cryptocurrency

IMF, World Bank Launch Blockchain Knowledge Project

16/04/2019

The purpose of the project is to help the IMF and World Bank staff become more familiar with the principles behind DLT, as well as its challenges and real world applications.

Payments & Settlements

India to Strengthen Digital Payments with Blockchain

15/04/2019

The National Payments Corporation of India is soliciting interested partners to build a blockchain-powered digital payments platform for the country.