Conduct, Culture & Accountability

SFC Imposes Seven Month Ban on Former Taiping Securities RO

19/09/2023

The former responsible officer logged into clients’ internet trading accounts to place orders for them, and failed to maintain proper records of the order instructions.

Reporting & Disclosures

Philippine Regulators Proposes Sustainable Finance Taxonomy Guidelines

19/09/2023

A taxonomy guidelines initially focuses on climate change mitigation and adaptation, using a traffic light approach to reflect a transition category.

Cloud & Infrastructure

Hong Kong Launches Open API Framework for Insurance Sector

19/09/2023

A Central Register has also been developed as a new digital infrastructure for API-related initiatives in the insurance industry.

Fraud, Scams & Cybercrime

Singapore to Consult on Scam Loss Sharing Framework Next Month

19/09/2023

Minister Alvin Tan said the government aims to publish a consultation paper on the “Shared Responsibility Framework” next month, focusing on phishing scams as a start.

PEPs & Sanctions

OFAC Sanctions Iran’s Former President, Intelligence Ministry

19/09/2023

The sanctions were announced after the completion of a prisoner swap, which saw five US citizens released from Iranian detention.

Structural Regulation

Michele Bullock Begins Term as New RBA Governor

19/09/2023

Bullock will have to work on shoring up the RBA’s credibility and implementing the central bank’s biggest overhaul since the 1990s.

Sustainable Finance

Indonesia to Launch Carbon Exchange Next Week

19/09/2023

IDX will be the operator of the new carbon exchange. OJK said the launch will mark a “new chapter” in Indonesia’s efforts to reduce GHG emissions.

Nature & Biodiversity

TNFD Publishes Final Recommendations on Nature Related Issues

19/09/2023

The Recommendations, launched as part of New York Climate Week, will help companies begin identifying, assessing and disclosing nature-related risks.

Fraud, Scams & Cybercrime

Citibank’s Andrew Marane Explores the Dynamics of Cybercrime in Banks

19/09/2023

Andrew Marane, Director, Fraud Operations APAC/EMEA at Citibank, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, he shared how the dynamics of cybercrime in banks have changed with fraudsters changing the way they attack. He also touched on million-dollar scams against clients becoming a major fraud challenge for banks and how education can prevent them.