AML / KYC

China Investigates Top PBOC Official for Possible Corruption

07/11/2022

PBOC deputy governor Fan Yifei has been placed under investigation over allegations of “severe violations of discipline and law”.

Enforcement

Singapore High Court Considers 40 Year Jail Term for Manipulator

07/11/2022

Prosecutors are reportedly asking the court to impose a 40-year jail sentence on John Soh Chee Wen, the mastermind of the 2013 penny stock crash.

Securities / Derivatives

CSRC Issues Rules for Private Pension Investments in Public Funds

06/11/2022

Fund products receiving private pension investment must have “safe” and “stable” operations and focus on long-term value preservation.

Crypto / Digital Assets

Standard Chartered to Join Partior as Founding Shareholder

06/11/2022

The investment will strengthen Partior’s international reach and capabilities, while also helping StanChart accelerate the deployment of blockchain tech across its own network.

Crypto / Digital Assets

Japan Agency to Explore Use Cases, Legal Status of DAOs

06/11/2022

A Web 3.0 study group will establish a DAO to better understand its benefits and limitations and make recommendations to the government.

Fintech / Regtech

MAS to Expand Funding Support for Financial Sector Innovation

06/11/2022

MAS will provide a further SGD 150 million in funding over three years to the Financial Sector Technology and Innovation scheme.

AML / KYC

Most Ransomware Attacks Have a Russia Nexus: FinCEN

06/11/2022

About 75 percent of ransomware-related incidents reported to FinCEN in H2 2021 had a nexus to Russia, its proxies, or persons acting on its behalf.

Australia: Customer Owned Banks Gets New Code of Practice

06/11/2022

The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.

Capital / Liquidity

Banks Working to Assess Climate Impacts on Trading Book

06/11/2022

An ISDA-EY report says banks see the potential benefits of engaging with regulators to help define and run an exploratory scenario for the trading book.