China Issues New Compliance Management Rules for FIs

07/01/2025

The new rules elevate the chief compliance officer role to a senior management position at all FIs nationwide.

Sanctions

US Eases Some Restrictions on Transactions in Syria

07/01/2025

Transactions with governing institutions in Syria allowed “even if a designated individual has a leadership role in that governing institution”

ESG / Sustainability

Taiwan FSC Establishes New Division to Promote Innovation

07/01/2025

The division will focus on formulating policy relating to fintech and innovation, green and transition finance, and financial market development.

Enforcement

Najib Razak House Arrest Claim Allowed to Proceed

07/01/2025

Najib Razak will claim that Malaysia’s former king issued a decree allowing the former PM to serve the rest of his jail term under house arrest.

Crypto / Digital Assets

OCBC Launches First Sale of ‘Bespoke’ Tokenised Bonds

07/01/2025

OCBC said the bonds are structured based on the investor’s desired tenor and yield before being minted

Securities / Derivatives

Chinese Exchanges Revise Guidelines to Promote Special Bond Types

07/01/2025

The revisions aim to promote sci-tech innovation bonds, green bonds, rural revitalisation bonds, SME support bonds, and short-term bonds.

AML / KYC

US Authorities Target US Clients of Trident Trust in Global Tax Probe

07/01/2025

US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.

Enforcement

HK Court Fines Solicitor for Breaching SFO Secrecy Provision

07/01/2025

This is the first time a Hong Kong practicing solicitor has been convicted for contravening the secrecy provision under the SFO.

Fintech / Regtech

Taiwan and Lithuania Sign MOU on Financial Services Innovation

06/01/2025

The MOU allows both sides to exchange information and cooperate on innovation in financial services.