AML / KYC

BSP Proposes Draft Regulations on TFS Implementation

10/11/2022

The amendments target terrorist and proliferation financing and are aimed at helping the Philippines secure its removal from the FATF grey list.

ESG / Sustainability

Australia to Draw Private Capital to Affordable Housing Sector

10/11/2022

The National Housing Infrastructure Facility will be used to attract investment from super funds and institutional investors into the social and affordable housing sector.

Securities / Derivatives

Taiwan Allows Brokers to Sell Wider Range of Trust Products

10/11/2022

The revisions also simplify application procedures and allow securities firms to provide financial planning services to clients through trusts.

Capital / Liquidity

EU Council Agrees Position on Basel III Implementation

10/11/2022

The Council has retained the 1 January 2025 start date for implementation proposed by the European Commission a year ago.

Crypto / Digital Assets

HashKey Obtains New Approvals in Hong Kong, Singapore

10/11/2022

HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

Fintech / Regtech

OJK Indonesia Launches New Platform for Credit Checks

10/11/2022

The platform will enable debtors to check their own credit records and held lenders decide whether to grant credit to customers.

Crypto / Digital Assets

OFAC Redesignated Tornado Cash to Link to DPRK WMD Programme

10/11/2022

The August designation did not connect Tornado Cash to North Korea’s nuclear programme.

Crypto / Digital Assets

StanChart to Consider Offering Retail Crypto Services in Hong Kong

10/11/2022

CEO Bill Winters said Standard Chartered Bank will consider offering crypto trading services to Hong Kong retail customers.

ESG / Sustainability

UN Panel, IOSCO Call for Action to Stop Greenwashing

10/11/2022

A UN expert group says companies claiming to be on a path to net zero cannot also be building or investing in new fossil fuel assets.