Fintech / Regtech

BSP Unveils Timeline for New International Transaction Reporting System

18/08/2023

A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.

Fintech / Regtech

ASX Issues Response Plan to Ensure Delivery of CHESS Replacement

18/08/2023

ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.

AML / KYC

Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks

18/08/2023

The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.

AML / KYC

Taiwan Sentences Corrupt Official to 8 Years in Prison

18/08/2023

The official committed property fraud, document forgery, money laundering, and accepted bribes in the form of cash, banquets and sexual entertainment.

Securities / Derivatives

China Asks Funds to Avoid Being Net Equity Sellers – Report

18/08/2023

Stock exchanges reportedly told some investment funds to refrain for a day from selling more onshore shares than they purchased.

Sanctions

OFAC Highlights US-Origin Goods in Latest Sanctions Settlement

18/08/2023

Employees at a UAE subsidiary of a US firm falsified documents in an attempt to disguise the transactions involving the re-export of US-origin goods to Iran.

Capital / Liquidity

HKMA, AFRC Sign MoU to Strengthen Cooperative Arrangements

17/08/2023

Collaboration will strengthen through case referrals, mutual assistance, capacity building and exchange of information.

Securities / Derivatives

CSRC Solicits Industry Views on Developing Asset Management Sector

17/08/2023

The CSRC is asking securities firms, fund managers and futures companies about the challenges their asset management business face.

India Tightens Guidelines for Financial Influencers

17/08/2023

Financial influencers have to be registered with SEBI and prominently display their registration number to offer investment-related advice.