AML / KYC

US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion

11/07/2023

Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

Market Infrastructure

Singapore Issues Notice on Bloomberg’s Publication of MAS Recommended Rate

10/07/2023

The Spread Adjustment published by Bloomberg “differs slightly” for the overnight and 1-month tenor, the SC-STS explains.

AML / KYC

G7 Forms Joint Task Force to Tackle Corruption in Ukraine

10/07/2023

The G7 nations will collaborate on sharing information and devise strategic approaches to address Ukraine corruption-related challenges.

Enforcement

China Marks End of Tech Crackdown With Ant Group Penalty

10/07/2023

Ant Group was fined CNY 7.1 billion. The PBOC and CSRC said they would shift focus to more “normalised supervision”.

Capital / Liquidity

HKMA Relaxes Limits on Property Mortgage Loans

09/07/2023

This is the first time the HKMA has relaxed the countercyclical macroprudential measures for residential properties since they were implemented in 2009.

Enforcement

SEBI Probes Software Misuse by NSE Trading Members

09/07/2023

Some high-frequency traders reportedly used special software that enabled them to submit orders to NSE without paying transaction fees.

Sanctions

UK to Strengthen Sanctions Regime to Target Iran

09/07/2023

The move is a response to “more than 15 credible threats” by the Iranian regime to “kill or kidnap British or UK-based individuals”.

Crypto / Digital Assets

NYIC, US Banks Conclude PoC to Test Digital Money Platform

09/07/2023

The PoC tested a theoretical CBDC and bank deposit tokens on a shared multi-entity distributed ledger to enable domestic and cross-border payments.

Capital / Liquidity

RBI Extends Deadline for Co-op Banks to Meet PSL Targets

09/07/2023

“This action is taken in response to the implementational challenges experienced by these financial institutions,” the RBI said.