AML / KYC

FATF Adds South Africa, Nigeria to Grey List

25/02/2023

The South African Reserve Bank said it has a zero-tolerance approach to abuse of the financial system by money launderers or terrorist financiers.

AML / KYC

FATF Suspends Russia’s Membership Over Ukraine War

25/02/2023

Russia’s actions “unacceptably run counter” to the FATF core principles aiming to promote security, safety, and the integrity of the global financial system.

Securities / Derivatives

LME to Resume Nickel Trading in Asian Hours on 20 March

25/02/2023

The LME hopes the resumption of trading during Asian market hours will “further contribute to liquidity rebuilding in the nickel market.”

Crypto / Digital Assets

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

Securities / Derivatives

SEBI Proposes New Rules to Protect REIT, InvIT Investors

24/02/2023

SEBI proposes to require at least one sponsor to hold units throughout the life of a REIT/InvITs, to align their interests with other unitholders.

Crypto / Digital Assets

US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme

24/02/2023

The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.

Capital / Liquidity

US Regulators Warn of Liquidity Risks Tied to Crypto Assets

24/02/2023

US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]

Enforcement

MAS Seeks to Ramp Up Hiring for Enforcement Department

24/02/2023

MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.

AML / KYC

BNM Issues Draft Rules on Using e-KYC Solutions for Onboarding

24/02/2023

BNM encourages the use of e-KYC solutions that leverage AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification.