AML / KYC

US Court Convicts Hip Hop Artist Over Jho Low Connection

01/05/2023

Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.

Market Infrastructure

New BOJ Governor to Review Past Monetary Policy Moves

01/05/2023

The review will look into various monetary policy moves taken over the past 25 years, and not be tied to near-term policy shifts.

Enforcement

Chinese Police Question Staff at Bain & Co Shanghai Office

01/05/2023

The news comes after Chinese authorities closed the Beijing offices of Mintz Group and launched a cybersecurity probe into US chipmaker Micron.

Market Infrastructure

PBOC Issues Rules to Facilitate Introduction of Swap Connect

01/05/2023

Initially, centrally-cleared interest rate swap products will be eligible for trading under the northbound scheme. A southbound leg will be considered later.

AML / KYC

Singapore: 1st Phase of Financial Services and Markets Act Commences

01/05/2023

The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.

Fintech / Regtech

ASX Issues Update on CHESS Replacement Partnership Programme

01/05/2023

Under the A$70mn Partnership Programme, ASX will offer payouts to stakeholders to support their efforts in meeting project milestones.

Securities / Derivatives

Korea Exchange to Jointly Develop Indices With Cboe

01/05/2023

Cboe Global Indices and KRX will publish advanced strategic indices based on Korean derivatives, including KOSPI 200 options.

AML / KYC

CFTC Issues Largest Ever Civil Monetary Penalty

30/04/2023

The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.

AML / KYC

China Establishes Nationwide Property Registration System

30/04/2023

The new registration system will provide regulators full transparent view of real estate ownership and support their efforts to prevent systemic risks.