AML / KYC

India Tightens Rules on SIM Card Registration to Combat Fraud

22/08/2023

India’s one million SIM card dealers will have to undergo a mandatory verification and registration process within one year.

Capital / Liquidity

Tokyo Bourse Approves Japan’s First Active ETF Listings

22/08/2023

Two active ETFs, both managed by Nomura Asset Management, will list on the Tokyo Stock Exchange on 7 September.

AML / KYC

China, Thailand, Myanmar, Laos Launch Joint Police Operation

22/08/2023

Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.

Enforcement

SFC Fines Changjiang Corporate Finance for Sponsor Failures

21/08/2023

The company is prohibited from acting as a sponsor for listing applications in Hong Kong for one year, potentially longer if deficiencies are not addressed.

Fintech / Regtech

Cambodia, Laos Launch Cross-border QR Payment Link

21/08/2023

A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.

Crypto / Digital Assets

Russia Launches CBDC Pilot With 13 Banks Participating

21/08/2023

The pilot involves 13 banks and 600 individual clients who can make payments at 30 points of sale in 11 Russian cities.

AML / KYC

PBOC Forms New AML Office With Beijing Procuratorate

21/08/2023

The new office will help to establish a coordinated investigation system to combat money laundering and improve the efficiency of fighting financial crime.

Securities / Derivatives

FSB Launches Review to Assess MMF Reform Progress

21/08/2023

The objective of the review is to take stock of the progress made by jurisdictions to assess and address money market fund vulnerabilities.

Enforcement

Hong Kong Court Jails Three Former DBS Bankers

20/08/2023

The DBS employees were convicted for divulging confidential information of over 680 customers to others for touting personal loans.