AML / KYC

US Virgin Islands Demands $190m from JPMorgan in Epstein Case

17/07/2023

The territory said in a court filing that JPMorgan did not place compliance with the law and prevention of trafficking ahead of its own profits.

ESG / Sustainability

SEBI to Require Listed Entities to Cover ‘Value Chain’ in ESG Disclosures

16/07/2023

Listed companies will have to incorporate ESG information from firms in their value chain in their annual BRSR reports, and obtain assurance for such information.

Fintech / Regtech

France Agrees to Accept UPI Payments from Indian Travellers

15/07/2023

Indian tourists will be able to use the UPI system to make payments in Indian rupees while visiting France.

Crypto / Digital Assets

US Judge Skeptical of SEC Stance Against Coinbase

15/07/2023

In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.

ESG / Sustainability

BSP Calls on Banks to Disclose ESG Impact of Assets

14/07/2023

The BSP is collaborating with scientists to develop a metric that will be used to score banks on their efforts to fight climate change.

AML / KYC

Euroclear Faces $2b Lawsuit from Russian Fund Manager

14/07/2023

Russian asset manager First AM says its lawsuit is intended to protect the rights and interests of clients whose assets were frozen.

Enforcement

Singapore Jails Four on False Trading, Deception Convictions

14/07/2023

The four were convicted for their involvement in a scheme to manipulate the price of Catalist-listed Koyo International between 2014 and 2016.

AML / KYC

Malaysia Arrests Former 1MDB Legal Counsel

14/07/2023

Jasmine Loo fled Malaysia in 2018 but is now willing to cooperate with Malaysian authorities on investigations.

Fintech / Regtech

Singapore Digital Banks Urge MAS to Lift Caps on Deposits

14/07/2023

Grab’s GSX Bank and  Sea’s MariBank say the deposit cap imposed on new digital banks is hindering their ability to expand and lend.