Securities / Derivatives

Singapore, Shanghai to Collaborate on Asset Management

16/10/2023

IMAS and the Asset Management Association of Shanghai will collaborate to advance the development of their asset management industries.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Upbit

16/10/2023

Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.

Crypto / Digital Assets

G20 Leaders Adopt IMF-FSB Roadmap on Crypto Assets

16/10/2023

The G20 finance ministers and central bank governors called for “swift and coordinated implementation” of the roadmap.

AML / KYC

Germany’s FIU Head Resigns Over Hidden SAR Backlog – Report

16/10/2023

The government has acknowledged that the FIU did not disclose a backlog of over 100,000 unprocessed suspicious activity reports to the FATF during its last evaluation.

Singapore Data Centre Issue Causes DBS, Citibank Disruptions

16/10/2023

The Saturday disruption was caused by an issue at an Equinix data centre that is used by multiple organisations.

ESG / Sustainability

Malaysia Unveils Budget 2024, Capital Market Support Measures

16/10/2023

The budget includes additional funding for MyCIF initiatives, tax incentives for the ECF market, and targeted tax exemptions to support capital market fundraising.

Securities / Derivatives

US SEC Boost Transparency of Short Selling, Securities Lending

16/10/2023

Institutional investment managers will be required to report short positions to the SEC; Companies will have to report securities lending activity to FINRA.

Enforcement

UK FCA Fines Equifax £11m Over 2017 Cybersecurity Breach

16/10/2023

The FCA said the 2017 cyber breach against Equifax’s US parent allowed hackers to access the personal data of 13.8 million UK consumers.

AML / KYC

Bhutan Launches Blockchain-based Digital Identity System

16/10/2023

Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.