Crypto / Digital Assets

Mirae Asset, SK Telecom to Collaborate on Security Token Business

01/04/2023

Mirae Asset Securities and SK Telecom formed a consortium to collaborate on creating a business ecosystem for security tokens.

AML / KYC

Taiwan to Unveil New Anti-Fraud Measures Within One Month

01/04/2023

The Taiwan government has reportedly been seeking assistance from companies including Google and Meta to help combat online fraud.

Market Infrastructure

Singapore, Malaysia Launch Cross-border QR Payments Link

31/03/2023

The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.

CBIRC Issues New Branch Operation Rules for Trust Companies

31/03/2023

Trust companies can set up remote branches based on their needs, but management headquarters must be in their registered domicile.

Securities / Derivatives

CSRC Chairman Meets With Foreign Financial Institutions

31/03/2023

CSRC chairman Yi Huiman encouraged the heads of several global financial institutions to expand their operations and investments in China.

AML / KYC

UK Court Allows Wirecard-related Fraud Suit to Proceed

31/03/2023

An Indian business was sold to a Mauritius-based fund in 2015, weeks before Wirecard bought the company for a price ten times higher.

AML / KYC

Taiwan FSC to Develop Regulatory Guidelines for Crypto Industry

31/03/2023

The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.

Market Infrastructure

Rules Proposed to Adopt T+1 in US Muni Bond Market

31/03/2023

US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.

AML / KYC

Kuwait Court Sentences Defendants in 1MDB Case

31/03/2023

The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.