ESG / Sustainability

Bursa Malaysia Issues Report to Enhance Sustainability Disclosures

21/09/2023

The “Illustrative Sustainability Report” will help listed issuers prepare for implementation of Malaysia’s Enhanced Sustainability Reporting Framework.

Crypto / Digital Assets

Lawmaker to Propose Taiwan’s First Dedicated Virtual Assets Law

21/09/2023

The law covers 12 aspects, including a licensing system for virtual assets businesses, rules for their operations, and prohibitions on unfair trading practices.

ESG / Sustainability

Verra Consults on First Iteration of Nature Framework

20/09/2023

The Framework outlines how projects can generate Nature Credits, which represent positive investments in nature and can contribute to the GBF goals and targets.

Four Jurisdictions “Slow” on Approvals for UBS-Credit Suisse Merger

20/09/2023

Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.

AML / KYC

HK Police Force Hosts First-ever Cyber Policing Symposium

20/09/2023

Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.

AML / KYC

Companies Commission of Malaysia’s Ravin Kaur Highlights Money Laundering Risks in Shell Companies

20/09/2023

Ravin Kaur, Senior Policy Advisor, AML/CFT Expert at Companies Commission of Malaysia, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, she shared how shell companies are being exploited for money laundering and transnational crime. She called for regulators and gatekeepers to conduct better customer due diligence when onboarding corporate entities to prevent misuse of shell companies.

Enforcement

MAS Publishes Latest 18-Month Report on Enforcements

20/09/2023

For 2023 and 2024, MAS will prioritise enforcement in the digital asset ecosystem as well as regulatory compliance by asset and wealth managers.

Market Infrastructure

PBOC Promises Better Business Environment for Foreign Firms

20/09/2023

PBOC governor Pan Gongsheng said China will continue to open up its market for global businesses and create a more business friendly environment.

Crypto / Digital Assets

Major FMIs to Collaborate on Digital Assets Development

20/09/2023

DTCC, Clearstream and Euroclear will work to improve standardisation and interoperability in the industry, focusing on real-money assets.