AML / KYC

FATF Plans to Update Guidance for Money Laundering NRAs

04/07/2024

The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

Enforcement

Singapore Jails Former Fund Manager for Deceptive Conduct

04/07/2024

Sun Weiyeh is the first to be convicted under the SFA for fraudulent or deceptive conduct relating to OTC bond trading.

Enforcement

MAS Fines GSG Capital Director for Insider Trading

04/07/2024

The sole shareholder and director of GSG Capital bought shares in SGX-listed GS Holdings while in possession of material non-public information.

Sanctions

Russia Urges Crypto Use for Cross-border Payments

04/07/2024

CBR governor Elvira Nabiullina said Russia has softened its stance on the use of cryptocurrencies in international payments.

ESG / Sustainability

Philippine SEC Approves Launch of First Blue Bonds

04/07/2024

The approval was granted to Maynilad Water Services, which plans to raise capital for projects that promote sustainable water management.

Enforcement

Korea FSS to Penalise KB Securities and Hana Securities

04/07/2024

The brokerage firms engaged in illegal self-trading to transfer profits and losses of some customers to other customers.

Big Picture

FSB Evaluates Impact of G20 Reforms on Securitisation

03/07/2024

Risk retention and higher prudential requirements have enhanced the resilience of securitisation markets, the FSB says.

AML / KYC

Nearly 4,000 Arrests Made in Global Anti-Scam Operation: INTERPOL

03/07/2024

The operation spanned 61 countries and resulted in 6,745 bank accounts being frozen and assets worth $257mn being seized.

Sanctions

Chinese Banks Reducing CNY Trades on Moscow Exchange

03/07/2024

Yuan flows into Russia for oil sales to China are reportedly shifting from the exchange market to the OTC market.