AML / KYC

Taiwan Digital Ministry Announces New Anti-Fraud Measures

09/09/2023

The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

08/09/2023

Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.

Securities / Derivatives

CSRC Proposes Rule Revisions for Corporate Bond Issuance

08/09/2023

Land and environmental impact assessments must be provided if the funds raised from bonds are invested in fixed asset investment projects.

ESG / Sustainability

NGFS Publishes Conceptual Framework for Nature Risk

08/09/2023

The framework provides a common language to the financial system and guides action by central banks and financial supervisors.

Enforcement

US, UK Jointly Sanction Trickbot Ransomware Actors

08/09/2023

The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.

Fintech / Regtech

RBI Governor Launches New Features on UPI System

08/09/2023

The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

HKMA Sets Out Talent Management Expectations for Banks

08/09/2023

The latest HKMA circular provides guidance to help banks assess, maintain, and enhance the competence levels of their workforce and address talent shortages.

Securities / Derivatives

HKEX Expands Global Footprint with New London Office

08/09/2023

The new London office together with a New York office opened in June give HKEX a presence in the world’s three major time zones.

Fintech / Regtech

Malaysia SC Sets Rules for Offering Fractional Share Trading Services

07/09/2023

The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.