Securities / Derivatives

Bursa Malaysia Proposes to Extend Waqf Framework to REITs, ETFs

20/10/2022

The proposed amendments are meant to complement SC initiatives to broaden the range of Islamic products available in the capital market, Bursa Malaysia says.

Fintech / Regtech

Singapore Establishes Inter-agency Taskforce on Ransomware

20/10/2022

The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.

AML / KYC

EU to Sanction Iran Over Drone Sales to Russia

20/10/2022

The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

Australia: Industry Body Launches BNPL Code Review

19/10/2022

The review was launched six months early in response to feedback from stakeholders. The findings are due to be reported by 1 March 2023.

Korea Warns Against Direct FX Transactions Between Individuals

19/10/2022

Any foreign currency transactions worth more than KRW 5,000 has to be reported to the central bank, or face penalties for violating Korea’s foreign exchange laws.

AML / KYC

Philippines to Curb Scams by Requiring ID Registration for SIM Cards

19/10/2022

Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.

Fintech / Regtech

India Launches Digital Banking Units to Advance Financial Inclusion

19/10/2022

The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.

Securities / Derivatives

Malaysia SC Signs Regional MMoU on Supervisory Cooperation

19/10/2022

Malaysia’s SC now has a cooperative arrangement on supervisory matters with regional counterparts in Australia, Hong Kong, Japan, Singapore and Thailand.

Crypto / Digital Assets

US Regulators Probe Failed Crypto Firm Three Arrows Capital

19/10/2022

The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.