AML / KYC

Sri Lanka Will Not Adopt Russia’s Mir Card Scheme

23/10/2022

The CBSL said it is not in a position to consider Russia’s request to operate the Mir card scheme in Sri Lanka, due to US sanctions.

AML / KYC

NZ FMA Issues Formal Warning to InvestNow Over AML Failures

22/10/2022

InvestNow had deficiencies in its processes for verifying customer identities and conducting CDD, EDD and SoW/SoF checks.

Securities / Derivatives

Thailand Futures Exchange to Launch New FX Contracts

21/10/2022

Currently, TFEX only offers USD Futures. From 31 October, it will launch trading in EUR/USD Futures and USD/JYP Futures.

Securities / Derivatives

Philippines: Funds Allowed More Freedom to Trade BSP Securities

21/10/2022

The central bank has relaxed restrictions on secondary market trading of BSP Securities by UITFs with foreign participation.

AML / KYC

US Sanctions, Files Criminal Charges Against Russians

21/10/2022

The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.

Capital / Liquidity

Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX

21/10/2022

With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.

Big Picture

FSB Proposes Measures to Address Risks in Govt Bond Markets

21/10/2022

The FSB outlines policies to help address factors that caused non-bank investors to sell government bonds during the March 2020 market turmoil.

Enforcement

German Prosecutors Raid Deutsche Offices for “Cum-Ex” Probe

21/10/2022

The Cum-Ex scandal dates back more than a decade. Deutsche Bank is said to be fully cooperating with inspections at its Frankfurt offices.

Market Infrastructure

IOSCO, IVSC to Work on Improving Global Valuation Practices

21/10/2022

IOSCO and IVSC will study international valuation approaches and ways to improve the quality of financial information available to investors.