AML / KYC

Assets Involved in Singapore Money Laundering Case Reach S$2.4 Billion

22/09/2023

Singapore police say the assets involved in the case now involve S$2.4bn, which is more than twice the amount initially reported in August.

Crypto / Digital Assets

Thai Digital Assets Exchange Set to Launch First Investment Token

22/09/2023

The investment token is backed by three Bangkok luxury condominium projects. The ICO raised about THB 2.4 billion (USD 67 million).

Capital / Liquidity

MAS Finalises Framework for Designating Systemically Important Insurers

22/09/2023

The inaugural list of D-SIIs includes AIA Singapore; Income Insurance; Prudential Assurance; and Great Eastern Life.

ESG / Sustainability

HKMA Announces Launch of Green Fintech Competition

21/09/2023

Interested firms will need to submit a market-ready solution for at least one of four themes by 20 October 2023.

Enforcement

Korea: FSS Uncovers More Embezzled Funds at BNK Kyongnam Bank

21/09/2023

The FSS determined that around $223mn was embezzled by a bank employee, more than five times the amount initially reported.

RBI Expands Scope of Data Quality Benchmarking Requirements

21/09/2023

Credit information companies directed to establish data quality index for commercial and microfinance segments.

New Zealand Issues Guidance on Helping Vulnerable Customers

21/09/2023

Financial service providers should be “proactive” about identifying and helping customers who are experiencing, or likely to experience, financial difficulty.

PBOC Relaxes Restrictions on Gold Imports – Report

21/09/2023

The PBOC has relaxed curbs on gold imports that were imposed on banks in August to defend the yuan.

HK Cyberport Data Breach Prompts Discussions of New Cybersecurity Law

21/09/2023

An estimated 400 gigabytes of data was compromised, including the personal information of Cyberport staff and several startups.