AML / KYC

NSW Regulator Imposes Max Penalty on Casino Giant The Star

18/10/2022

Casino giant The Star has been fined A$100mn and had its licence in NSW suspended due to its failure to prevent money laundering at its Sydney casino.

AML / KYC

Japan Cabinet Passes Bill to Strengthen AML System

18/10/2022

Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.

AML / KYC

HSBC Suspends Investment Services for Russian Clients in Hong Kong

18/10/2022

HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.

Securities / Derivatives

CME Group to Launch USD-denominated TOPIX Futures

18/10/2022

The new contract is designed to complement the existing JPY-denominated TOPIX futures contract launched in February 2018.

HKMA Revises Return Templates to Streamline Bank Reporting

18/10/2022

Banks are no longer required to report their top ten non-bank Mainland China exposures on an aggregate basis.

Enforcement

US FTC Expands Competition Probe Into Visa, Mastercard

18/10/2022

The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.

Capital / Liquidity

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

Market Infrastructure

FSB Proposes to Standardise Global Cyber Incident Reporting

18/10/2022

The FSB also proposes to develop a common format for cyber incident reporting, to promote global convergence and better communication among authorities.

ESG / Sustainability

HKMC Publishes Social, Green, Sustainability Financing Framework

17/10/2022

The framework will be used as the basis to structure and issue social, green and/or sustainability bonds and asset-backed securities, the HKMC said.