AML / KYC

FATF Publishes Third Enhanced Follow-up Report on Australia

09/11/2018

Australia has been re-rated on 7 of the 40 FATF Recommendations, reflecting the country’s progress to strengthen AML/CFT measures since its 2015 mutual evaluation.

Enforcement

China to Station Anti-Graft Officials at State Banks, Insurers

09/11/2018

China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.

Securities / Derivatives

S. Korea FSC Chair Proposes Abolishing Securities Transaction Tax

08/11/2018

The KOSPI has fallen nearly 20% from this year’s peak, prompting FSC chairman Choi Jong-ku to propose that lawmakers abolish the securities transaction tax.

Capital / Liquidity

PBOC Seeks Acceleration of TLAC Implementation at China’s G-SIBs

08/11/2018

The central bank said China might implement the TLAC framework earlier than 2025 because the country’s ratio of credit bonds to GDP may exceed the 55% trigger set by the FSB.

Securities / Derivatives

CSRC Addresses Lengthy Stock Suspensions in New Guidance

07/11/2018

China’s listed companies have historically used trading halts to prevent stock price declines during market stress, preventing investors from selling for long periods of time.

Crypto / Digital Assets

Thailand to Combat Tax Evasion with Blockchain, Machine Learning

07/11/2018

Thailand will use blockchain and machine learning to crack down on tax evasion, according to director-general of the tax department, Ekniti Nitithanprapas.

Market Infrastructure

APRA Finalises Standards on Information Security Management

07/11/2018

The prudential standard is aimed at boosting the resilience of APRA-regulated entities and ensuring their ability to respond to breaches swiftly and effectively.

Enforcement

S. Korea Probes JPMorgan, Citibank in Unresolved Rate Rigging Cases

06/11/2018

JPMorgan and Citibank are still being investigated in an ongoing price manipulation probe by the Fair Trade Commission and FSS which dates back to 2011, reports local media.

Crypto / Digital Assets

Malaysia Budget 2019 Targets Tech in Capital Market Measures

05/11/2018

Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.