AML / KYC

FATF Re-Rates Thailand on Two Recommendations

10/11/2023

Re-ratings were due to legal requirements for FIs and DNFBPs to conduct risk-based CDD and AMLO guidance on risk-based supervision.

Crypto / Digital Assets

Taiwan Authorities Arrest Two Individuals Linked to JPEX

10/11/2023

Investors in Taiwan have initiated legal action against the allegedly fraudulent crypto exchange, which first came under regulatory scrutiny in Hong Kong.

Market Infrastructure

US Unit of China’s ICBC Suffers Ransomware Attack

10/11/2023

The attack disrupted some of ICBC’s systems and left some trades in the US Treasury and equity markets unable to settle.

ESG / Sustainability

NGFS Publishes 4th Iteration of Long-term Climate Scenarios

10/11/2023

The scenarios have been updated to incorporate acute physical risks and provide further insights on how physical risks and transition policies affect the macroeconomy.

Securities / Derivatives

CSRC Asks Brokers to Curb Leverage Bets by Hedge Funds – Report

10/11/2023

The CSRC is concerned that excessive leverage could cause excessive market risks, especially in a volatile stock market environment.

Crypto / Digital Assets

FSC Taiwan Green Lights Cathay Securities STO Launch

10/11/2023

The STO is expected to raise TWD 30 million and commence trading on an STO platform built by Cathay Securities on 12 December.

Securities / Derivatives

SGX Lists Third ETF Under Shenzhen Trading Link

10/11/2023

The new ETF, a collaboration between CGS-CIMB Securities and Fullgoal Asset Management, is the first CSI 1000 ETF listed outside of China.

Fintech / Regtech

PBOC to Establish Fintech Sandbox Links With Hong Kong, Macao

10/11/2023

The “network link-up” will provide a one-stop platform to facilitate cross-border fintech trials and strengthen supervisory cooperation.

Fintech / Regtech

Singapore BNPL Code Enter Next Phase of Implementation

09/11/2023

Six BNPL providers will undergo audits over the next few months and have to become accredited by 31 March 2024.