Fintech / Regtech

KPMG Launches Embedded Finance Hub in Singapore

06/09/2022

KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.

Securities / Derivatives

FSC Korea Unveils New Rules to Address Unfair Split-Off IPOs

06/09/2022

Korean investors often lose out when companies decide to split off rapidly growing portions of their businesses into new IPOs.

AML / KYC

Japan Regulator Orders Revolut to Improve AML Controls

06/09/2022

Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.

Fintech / Regtech

India Raids Payment Firms in Digital Lending App Probe

06/09/2022

The Enforcement Directorate said digital loan app providers involved in extortion and harassment of members of the public are controlled and operated by Chinese persons.

ESG / Sustainability

Hong Kong Plans Measures to Lure ESG, Fintech Talent

06/09/2022

The government will also dedicate resources towards providing training aimed at developing local ESG talent. Applications for a fintech subsidy scheme will open on 10 September.

Enforcement

Singapore Jails Five Former Remisiers for False Trading

06/09/2022

The five were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

AML / KYC

China: Liaoning Officials Probed Following Two Bank Failures

06/09/2022

Among them, two CBIRC officials are accused of failing in their supervisory duties and for accepting bribes in exchange for favours.

Enforcement

Singapore: StanChart RM Charged for Unauthorised Access to Customer Data

06/09/2022

The relationship manager used the computers of other bank staff to access the personal information and transactional history of another StanChart employee.

Australia: Financial Adviser Associations Consider Merging

06/09/2022

The merger would create a single association that would speak for the financial advice profession in a “unified voice” and add clarity and power to the positions it takes.