Crypto / Digital Assets

India to Finalise Stance on Crypto in Early 2023 – Reports

25/09/2022

The government plans to finalise its stance by February-March 2023, ahead of a May deadline to respond to the FATF.

Crypto / Digital Assets

Indonesia to Tighten Rules for Crypto Exchanges – Report

25/09/2022

Crypto exchanges will have to post Indonesian citizens resident in the country to at least two-thirds of their board seats.

Enforcement

Australian Court Fines AMP for ‘Fees for No Service’ Conduct

25/09/2022

The Federal Court said the conduct reflected “very poorly on the organisation culture” of AMP, fining its subsidiaries a total A$14.6mn.

AML / KYC

AMLC Philippines Issues Draft Rules for Anti-Human Trafficking Law

25/09/2022

Financial intermediaries will be required to monitor for and report financial activity and transactions suspected to be related to human trafficking.

RBI Issues New Standards for Compliance Function of UCBs

25/09/2022

Tier 4 UCBs and tier 3 urban cooperative banks are directed to appoint a chief compliance officer by 1 April 2023 and 1 October 2023, respectively.

Fintech / Regtech

India Launches Three New Digital Payments Initiatives

24/09/2022

The three initiatives have the potential to revolutionise the digital payments ecosystem, said NPCI.

Enforcement

China to Strengthen Cross-Agency Collaboration on Capital Market Crime

24/09/2022

Regulatory, law enforcement and prosecutorial agencies will cooperate to “treat both the symptoms and the root causes” that contribute to capital market crime.

Securities / Derivatives

CSRC Approves Six New Tech-Focused ETFs in Just Two Days

23/09/2022

The rapid approvals are said to be part of China’s efforts to quickly attain self-sufficiency in strategic high-tech sectors.

Big Picture

DTCC Warns of Risks from Quantum Computing Technology

23/09/2022

DTCC outlines steps firms should take to prepare for the emergence of new post-quantum cryptography standards. Final standards are scheduled for 2024.