AML / KYC

FinCEN Issues Guidance on Reporting Beneficial Ownership

29/03/2023

The guidance is intended to help businesses understand new beneficial ownership information reporting requirements that come into effect on 1 January 2024.

Securities / Derivatives

LME Resumes Asian Hours Trading in Nickel

29/03/2023

The LME hopes the expanded hours will boost nickel trading volumes, which were little changed on Monday.

AML / KYC

EU Lawmakers Agree New AML/CFT Rules

29/03/2023

Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.

Securities / Derivatives

CSRC Proposes to Update Rules for Futures Companies

28/03/2023

Futures companies will be allowed to expand their business scope to areas like consulting, market-making, proprietary trading and asset management.

Australia Won’t Force Banks to Reimburse Scam Losses

28/03/2023

Minister Stephen Jones reportedly said compensation for scams should only be required if banks have not met consumer protection standards.

Capital / Liquidity

APRA Stress Tests Reveal Banking System Strength

28/03/2023

APRA chairman John Lonsdale shared findings from its latest banking stress test and reviews on cyber preparedness and resilience.

UK Launches Review of Whistleblowing Framework

28/03/2023

The review will assess whether the whistleblowing framework is operating effectively, meeting its original objectives, and adequately protecting whistleblowers.

Alibaba to Split Into Six Independent Business Units

28/03/2023

Under a holding company structure, each unit will have its own board of directors, operate with autonomy, and raise funds independently including through spin-offs and IPOs.

ESG / Sustainability

Assurance Standards for Sustainability Reporting On Their Way

28/03/2023

IOSCO calls on issuers, assurance providers and other stakeholders to engage in the development of assurance and ethics standards for sustainability reporting.