Anti-Money Laundering

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”.

Cloud & Infrastructure

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.

Anti-Money Laundering

FATF Finalises Revisions to Recommendation 24 Guidance

13/03/2023

The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.

Anti-Bribery & Corruption

Former Malaysian PM Muhyiddin Charged With Corruption

13/03/2023

Former prime minister Muhyiddin Yassin was charged with four counts of abuse of power and three counts of money laundering.

Fraud, Scams & Cybercrime

Australian Court Fines ANZ Over Introducer Programme

13/03/2023

ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.

Emerging Prudential Risks

Australia to Commence Review of Managed Investment Schemes

13/03/2023

The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.

Clearing & Post-Trade

HK to Amend Clearing Rules to Account for IBOR Reforms

13/03/2023

Mandatory clearing will be required for certain OTC transactions referencing ARRs rather than for those referencing IBORs that are being discontinued.

Cryptocurrency

FSB’s Eva Hupkes Discusses Crypto, Stablecoin and DeFi Regulation

13/03/2023

The FSB’s Eva Hupkes discusses the work underway to bring about globally harmonised regulatory frameworks for crypto assets, stablecoins, and DeFi.

Structural Regulation

Korea FSC to Further Enhance Interest Rate Disclosures by Banks

12/03/2023

Banks will be required to disclose their interest rates based on their balance of lending and deposits, which will show the profitability of each bank.