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.

Big Picture

AFME Considers Implications of an EU Move to T+1 Settlement

23/09/2022

AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.

ESG / Sustainability

JPX Launches Pilot Trading in New Carbon Credit Market

23/09/2022

The TSE commenced pilot trading in J-Credits, which have been circulating on a voluntary basis in Japan since 2013. Trading began with 145 registered participants.

Crypto / Digital Assets

EU Lawmakers Finalise Text of MiCA Legislation – Reports

23/09/2022

Limitations on the use of USD-pegged stablecoins within the EU have been removed. Algorithmic stablecoins and tradeable NFTs could be brought into scope.