Clearing & Post-Trade

ASX Recovers from Worst Market Disruption in Four Years

23/12/2024

No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.

PEPs & Sanctions

US Sanctions Four Entities for Supporting Pakistan Missile Programme

23/12/2024

The entities worked to supply equipment and missile‐applicable items to Pakistan’s ballistic missile programme

Anti-Money Laundering

Wolfsberg Group Issues Payment Transparency Roles & Responsibilities Guidance

23/12/2024

The guidance aims to help PSPs, regulators, and standard-setters understand their respective obligations in ensuring payment transparency.

PEPs & Sanctions

China Responds to Canadian Sanctions with Countermeasures

23/12/2024

The measures target two institutions and 20 individuals, responding to Canadian sanctions against several Chinese officials.

Anti-Bribery & Corruption

Bank Indonesia Under Investigation by Anti Corruption Agency

23/12/2024

KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.

Anti-Money Laundering

FMA Launches Legal Action Against InvestNow for Breaching AML Rules

22/12/2024

The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.”

Payments & Settlements

Australia Proposes to Mandate Cash Acceptance for Essential Items

22/12/2024

Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.

Supervision & Enforcement

RBI Removes Business Restrictions on Two Edelweiss Group Firms

22/12/2024

The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.

Model Risk

Korea Advances Bill to Open Up Corporate Credit Rating Market

22/12/2024

The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions.