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.

Structural Regulation

China Finalises New Regulations for Foreign Accounting Firms

22/12/2024

The regulations allow foreign accounting firms that need to conduct “temporary activities” in China to do so without establishing a representative office, subject to conditions.

Trading & Investment

HK Government Asked to Explain ‘Sluggish’ Sales of Retail Infrastructure Bond

22/12/2024

Hong Kong officials Christopher Hui and Paul Chan both attributed the undersubscription to a wider range of attractive investment options in the market.

PEPs & Sanctions

US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis

22/12/2024

The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list.

Payments & Settlements

New Zealand Proposes Caps on Visa and Mastercard Interchange Fees

21/12/2024

The Commerce Commission proposed a draft decision which, if implemented, would reduce the fees charged to businesses to receive Visa and Mastercard payments.