AML / KYC

China Sanctions Pelosi, Halts US Cooperation on Crime, Climate

08/08/2022

China sanctioned US House Speaker Nancy Pelosi and her immediate family over her visit to Taiwan, and will suspend cooperation with the US in a number of areas.

Fintech / Regtech

MAS Sets Out Expectations on Third Party Risk Management 

08/08/2022

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

Crypto / Digital Assets

BlackRock, Coinbase Partner on Crypto Trading Services

08/08/2022

Connectivity will be established between BlackRock’s investment management platform Aladdin and Coinbase’s integrated trading platform Coinbase Prime.

Capital / Liquidity

BCBS Warns of Risky Real Estate and Leveraged Loans

08/08/2022

The pandemic and recent inflation have heightened credit risk concerns. Supervisors have observed higher-risk and deficient lending practices.

FSC Korea to Support Firms Pursuing Business Transformation

08/08/2022

The FSC will strengthen the evaluation process to ensure businesses pursuing transformation initiatives are eligible to receive financial assistance.

Henan Fraud: Authorities Ramp Up Repayments to Bank Customers

07/08/2022

Chinese authorities in Henan and Anhui have repaid more depositors whose savings have been frozen for months.

Crypto / Digital Assets

US Court Allows Voyager Digital to Return Cash to Customers

07/08/2022

Regulators have separately ordered the crypto brokerage to “immediately remove” false statements it made that suggested it was FDIC-insured.

Enforcement

OFAC Investigating Kraken for Alleged Sanctions Violations

07/08/2022

Kraken is suspected of allowing Iranian users to utilise Kraken’s services, in violation of federal sanctions.

Crypto / Digital Assets

SEC Thailand Grants New Licences to Four Crypto Firms

07/08/2022

The approvals come as the SEC continues to investigate Zipmex, which operates in Thailand, Singapore, Indonesia and Australia.