Anti-Money Laundering

India Ministry Gazettes Enhancements to AML/CFT Rules

05/09/2023

The amendments lower the shareholding threshold for company partners to be considered beneficial owners, from 15 percent to 10 percent

Trading & Investment

China NDRC Establishes Private Economy Development Bureau

05/09/2023

The NDRC is also encouraging big banks to consider financing private projects and pushing for the establishment of private sector infrastructure REITs.

Tokenisation

LSEG to Push Forward Plans to Develop Digital Markets Business

05/09/2023

LSEG has been exploring a possible blockchain-powered trading venue for about a year and has now reached an “inflection point”.

Trading & Investment

China Enhances Monitoring of Programme Trading in Stock Market

05/09/2023

The enhanced monitoring programme seeks to address concerns over rising algorithmic trade-driven market volatility.

Sustainable Finance

Hong Kong Launches Loan Guarantee Scheme for Electric Taxis

05/09/2023

Fully guaranteed loans are being provided to taxi owners to encourage them to replace their LPG, petrol or hybrid taxis with electric taxis

Cybersecurity

Germany’s BaFin Suffering DDoS Attack Since Friday

04/09/2023

BaFin apologised for the inconvenience and said it is working “intensively” to restore full access to its website.

Cryptocurrency

Japan FSA Asks Government to Review Crypto Tax Policy

04/09/2023

The FSA is seeking a review of the existing requirement for companies to pay tax on unrealised crypto gains.

Conduct, Culture & Accountability

ASIC Sues Westpac for Financial Hardship Misconduct

04/09/2023

ASIC said Westpac’s deficient process resulted in 229 customers not receiving a response to their hardship notice within the required 21 days.

Anti-Money Laundering

Crypto Travel Rule Comes into Force in the UK

04/09/2023

The UK is now one of several jurisdictions to have now implemented the travel rule for the crypto sector.