Enforcement

LBMA to Probe Perth Mint ‘Gold Doping’ Allegations

14/03/2023

Adverse findings under LBMA’s incident review process can result in refiners being struck off the Good Delivery List.

ESG / Sustainability

PRI Identifies Demand for Sustainable Finance Taxonomy in Japan

14/03/2023

PRI survey identified “substantial demand” from investors for some form of comprehensive sustainable finance taxonomy for Japan.

Market Infrastructure

Cuban Banks Have Adopted Russia’s Mir Card Scheme

14/03/2023

ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.

Crypto / Digital Assets

NAB Completes First Cross-border Stablecoin Transaction

14/03/2023

NAB expects to be supporting select corporate and institutional clients to transact using digital assets by the end of 2023.

ESG / Sustainability

Record Number of FIs Seeking Environmental Disclosures Via CDP

14/03/2023

CDP’s annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.

Fintech / Regtech

Chinese Bourses Look to Tech to Combat Fraud in Markets

13/03/2023

The SZSE has been testing technology from an analytics firm to detect fraud and vet listings, while the SSE is proposing the use of big data and AI.

Enforcement

FSC Korea Uses Enhanced Penalties Regime for the First Time

13/03/2023

Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

AML / KYC

AUSTRAC Launches Specialist AML Unit for Gambling Sector

13/03/2023

AUSTRAC reportedly warned gambling industry officials it had “identified serious non-compliance in a number of businesses”.

Crypto / Digital Assets

Korea to Creates Fund to Drive Metaverse Related Initiatives

13/03/2023

The government is inviting investment management companies to help operate the Metaverse Fund, offering special performance incentives.