AML / KYC

Germany’s BaFin Fines Deutsche Bank for STR Filing Delays

23/10/2023

BaFin said Deutsche Bank submitted suspicious transaction reports to the FIU “with a delay”.

Crypto / Digital Assets

SC Malaysia Grants In-principle Approval to Digital Asset Custodian

22/10/2023

With a full licence expected within six months, Gambit Custody will become just the second firm with a digital asset custodian licence in Malaysia.

Crypto / Digital Assets

US SEC Drops Lawsuit Against Ripple Executives

22/10/2023

Analysts say the move will ultimately allow the SEC to appeal the court’s earlier decision about XRP not being a security sooner.

Enforcement

ASIC Bans Former PwC Partner Peter-John Collins for Eight Years

21/10/2023

ASIC said Peter-John Collins is “not a fit and proper person” and that preventing him from working in the financial services industry was “in the public interest”.

Singapore’s DBS Experiences Digital Payment Service Disruption

21/10/2023

The 20 October disruption to the bank’s PayLah service came less than a week after a weekend outage that lasted more than 12 hours.

Sanctions

US Treasury Announces Easing of Venezuela Sanctions

21/10/2023

A six-month general licence allows the production, sale and export of Venezuela’s oil and gas, without limitations on customers or destinations.

Fintech / Regtech

Taiwan FSC Issues New Guidelines for P2P Lending Platforms

20/10/2023

P2P platform operators have to implement six risk control mechanisms, including a real-name account system and arrangements for segregating customer funds.

Capital / Liquidity

RBNZ to Amend ESAS Access Policy, Eligibility Criteria

20/10/2023

RBNZ consultation revealed “considerable demand” for access to ESAS by non-banks for payments and settlements, access to HQLA, and interest income.

Major China Developer Country Garden Effectively in Default

20/10/2023

Country Garden was due to make a USD 15.4 million coupon repayment this week, but failed to do so, according to reports.