Fraud, Scams & Cybercrime

US, UK Jointly Sanction Trickbot Ransomware Actors

08/09/2023

The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.

Payments & Settlements

RBI Governor Launches New Features on UPI System

08/09/2023

The new features include voice-enabled payments, offline transfers, and NFC-enabled QR code payments.

Conduct, Culture & Accountability

HKMA Sets Out Talent Management Expectations for Banks

08/09/2023

The latest HKMA circular provides guidance to help banks assess, maintain, and enhance the competence levels of their workforce and address talent shortages.

Trading & Investment

HKEX Expands Global Footprint with New London Office

08/09/2023

The new London office together with a New York office opened in June give HKEX a presence in the world’s three major time zones.

Trading & Investment

Malaysia SC Sets Rules for Offering Fractional Share Trading Services

07/09/2023

The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.

Conduct, Culture & Accountability

ASIC Files Suit Against PayPal for Unfair Contract Term

07/09/2023

The term in question gives PayPal business account holders 60 days to notify the company of any errors or discrepancies in fees, or else accept those fees as accurate.

Trading & Investment

Bursa Malaysia Partners With Cradle to Boost Startup Listings

07/09/2023

Cradle will help Bursa Malaysia gain market intelligence on the local startup ecosystem, aiding it in identifying potential candidates for listing at an early stage.

CBDCs

RBI Seeking to Develop More Use Cases for CBDC

07/09/2023

The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.

Fraud, Scams & Cybercrime

Seoul Prosecutors Seek Warrants to Arrest for Former Fund Execs

07/09/2023

Former senior executives of Discovery Asset Management are accused of violating the Capital Market Act, making unfair gains, and improperly diverting investor funds.