Tokenisation

APAC FIs See Cost Savings as Main Benefit of Tokenisation: Survey

12/11/2023

A survey of FIs conducted by SBI Digital Assets Holdings found that FIs see cutting out intermediaries as the top benefit of tokenisation.

Anti-Money Laundering

US Fed Probing Morgan Stanley AML Controls – Report

12/11/2023

The Fed is reported to be assessing whether Morgan Stanley has sufficient controls in place to prevent wealthy foreign customers from laundering money.

Cryptocurrency

Countries to Start Sharing Tax Information on Crypto by 2027

12/11/2023

The 48 countries pledge to implement the CARF at the local level in time for automatic exchanges of tax relevant-information on crypto-assets to commence by 2027.

Reporting & Disclosures

Bursa Malaysia Onboards First Steel Manufacturer to ESG Platform

11/11/2023

Bursa Malaysia agreements with early adopters of the CSI Platform now covering the oil and gas, automotive, property, manufacturing, transportation and logistics, and steel sectors.

Capital Adequacy

HKMA to Update Basel III Implementation Timetable Again

10/11/2023

The standards on credit risk, operational risk, market risk, CVA risk and the output floor will take effect on 1 January 2025.

Anti-Money Laundering

FATF Re-Rates Thailand on Two Recommendations

10/11/2023

Re-ratings were due to legal requirements for FIs and DNFBPs to conduct risk-based CDD and AMLO guidance on risk-based supervision.

Fraud, Scams & Cybercrime

Taiwan Authorities Arrest Two Individuals Linked to JPEX

10/11/2023

Investors in Taiwan have initiated legal action against the allegedly fraudulent crypto exchange, which first came under regulatory scrutiny in Hong Kong.

Fraud, Scams & Cybercrime

US Unit of China’s ICBC Suffers Ransomware Attack

10/11/2023

The attack disrupted some of ICBC’s systems and left some trades in the US Treasury and equity markets unable to settle.

Climate Risk

NGFS Publishes 4th Iteration of Long-term Climate Scenarios

10/11/2023

The scenarios have been updated to incorporate acute physical risks and provide further insights on how physical risks and transition policies affect the macroeconomy.