AML / KYC

OCBC Stops Using SMS as Default Notification Method

30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

Crypto / Digital Assets

OFAC Targets Hamas Finances With New Sanctions

30/10/2023

The new designations underscore the “critical role Iran plays” in providing support to Hamas, said deputy Treasury secretary Wally Adeyemo.

Securities / Derivatives

SEBI Again Extends Agri-Derivatives Trading Suspension

30/10/2023

The suspension of trading, initially imposed due rising food inflation, will remain in place until 20 December 2024.

Securities / Derivatives

First Saudi-focused ETF to Launch in Hong Kong ‘Soon’

30/10/2023

The new ETF, managed by CSOP Asset Management, will allow investors to access Saudi Arabia’s 50 most valuable companies.

AML / KYC

ESMA Forced to Pause Withdrawal of UAE CCP Recognition

30/10/2023

ESMA’s decision to withdraw its recognition of the Dubai Commodities Clearing Corporation is effectively suspended.

Crypto / Digital Assets

BIS Publishes Design Guide for Offline CBDC Payments

30/10/2023

The report says the complexity of developing offline payment capabilities for CBDC systems means some challenges and trade-offs cannot be solved easily.

Market Infrastructure

ESMA Recognises Indonesia’s IDClear as Third Country CCP

29/10/2023

The recognition will make it easier and more cost-effective for European counterparties to access Indonesia’s derivatives market.

Japan FSA Directs Banks to Further Improve Internal Audit Function

29/10/2023

The sophistication of internal audits differs across banks, largely due to the degree of involvement by management, the FSA says.

ESG / Sustainability

China Issues Rules for Relaunch of Voluntary Carbon Market

29/10/2023

The relaunch of the CCER scheme will provide a voluntary mechanism for participants in the national carbon market to offset emissions.