Sanctions

MOEX Set to Start Listing ‘Replacement Bonds’ – Report

31/08/2022

Replacement bonds are intended to help Russian companies replace Eurobond issuances that are no longer serviceable due to sanctions.

Singapore to Launch New Work Pass to Draw Overseas Talent

30/08/2022

“We cannot leave any room for investors to doubt or have questions as to whether Singapore remains open,” said Manpower Minister Tan See Leng.

AML / KYC

HKMA Warns of Deposit Scams Being Used by Fraudsters

30/08/2022

Fraudsters claiming to be financial advisors are soliciting deposits in unknown foreign banks by promising high deposit rates.

ASIC Directs Super Trustees to Improve DDO Compliance

30/08/2022

ASIC reviewed target market determinations for superannuation products and found noncompliance and poor practices by some trustees.

China: Two Liaoning Bank Enter into Bankruptcy Proceedings

30/08/2022

Liaoning authorities say that the two banks violated laws and regulations, disrupted local financial order, and brought about “serious risks”.

Crypto / Digital Assets

Japan Considers Relaxation of Crypto Taxation Policies

30/08/2022

Authorities are considering a system under which crypto asset issuers would only be taxed when profits are generated, and not based on unrealised gains.

Crypto / Digital Assets

BOK Calls for Reversal of ICO Ban in Korea

30/08/2022

BOK says the ban has resulted in domestic companies turning overseas to issue new crypto assets, which are then listed on Korean crypto exchanges.

Capital / Liquidity

Financial Stability Institute Publishes Paper on LEX Standard

30/08/2022

The large exposures standard seeks to monitor and limit the loss an internationally active bank can face from a single client or a group of connected counterparties.

AML / KYC

Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud

30/08/2022

BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.