AML / KYC

FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA

12/10/2017

AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.

Securities / Derivatives

SGX to Revamp Securities Trading, Market Practice Rules

11/10/2017

Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.

AML / KYC

Hong Kong-China to Share Stock Connect Broker, Trader Names

11/10/2017

SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.

AML / KYC

China Banking Regulator Doubles Down, Again, on Systemic Risk

11/10/2017

CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.

Capital / Liquidity

Official Media Confirms China Bitcoin Ban Only Temporary

09/10/2017

Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.

Fintech / Regtech

Singapore Enters 2nd Phase of Blockchain-based Payments Trial

09/10/2017

Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.

AML / KYC

Thai Banks Join up to Improve Cybersecurity

09/10/2017

Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.

AML / KYC

Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

09/10/2017

Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

AML / KYC

Standard Chartered Guernsey-Singapore Transfers Under Investigation

09/10/2017

Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.