Market Infrastructure

Fed Launches Database of Firms With Access to Master Accounts

17/06/2023

The database also lists financial institutions that have requested access to master accounts and services, and the status of each request.

AML / KYC

TSB Calls on Meta to Take Responsibility for Social Media Frauds

16/06/2023

TSB says Meta should take five steps to protect consumers, including issuing a commitment to investigating and removing fraudulent content within 24 hours.

Securities / Derivatives

FSB, IOSCO Set to Propose Reforms to Address Fund Liquidity Risk

16/06/2023

The FSB and IOSCO said that they will both be publishing consultation papers on liquidity risk management in early July.

Sanctions

OFAC Sanctions Two North Koreans Living in Beijing

16/06/2023

The husband and wife allegedly work for a North Korean state organisation that helps procure equipment for weapons programmes.

AML / KYC

India to Bring Lawyers Under AML Regime – Report

16/06/2023

Lawyers have reportedly expressed concerns that the plan would have an adverse impact on client attorney privilege.

Fintech / Regtech

MAS Supports Balanced Approach to BNPL Regulation

16/06/2023

MAS said overly strict regulations would unnecessarily restrict BNPL providers and limit consumer choices.

AML / KYC

UK Unveils Measures to Increase Corporate Accountability for Crime

16/06/2023

Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

Sanctions

Russia to Enact Legislation Allowing it to Seize Western Assets

16/06/2023

The legislation would enable the Russian government to appropriate the assets of Western companies at significant discounts.

Big Picture

Faster Progress Needed to Enhance EU Capital Markets: IMF

15/06/2023

IMF managing director Kristalina Georgieva highlighted key priorities to enhance Europe’s capital markets.