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.

AML / KYC

Switzerland Aligns with EU in Latest Russia Sanctions

05/08/2022

The Swiss government is imposing a ban on buying, importing or transporting gold and gold products from Russia. Sberbank is also banned.

Crypto / Digital Assets

CME to Launch Euro-denominated Crypto Futures

05/08/2022

The new EUR-denominated contracts will provide more precise tools to trade and hedge exposure to Bitcoin and Ether, said CME’s Tim McCourt.

Big Picture

Activity-based & Entity-based Regulation Reinforce Each Other’s Effectiveness

05/08/2022

A new paper from the Financial Stability Institute says neither entity-based nor activity-based regulation is in and of itself the optimal choice.

ESG / Sustainability

NZX to Establish Corporate Governance Centre of Excellence

05/08/2022

Members of the new institute will deliver recommendations to NZX on its rule settings and CG Code to further enhance listed companies’ corporate governance practices.

Fintech / Regtech

BSP Green Lights Q3 Launch of GoTyme Digital Bank

05/08/2022

GoTyme Bank, a joint venture of digital banking group Tyme and members of the Gokongwei Group of companies, was awarded a Certificate of Authority.

Malaysia Unveils Details of New Consumer Credit Act

05/08/2022

A ‘Consumer Credit Oversight Board’ will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.

AML / KYC

ACCC Raises Alarm Over Rising Fake Bond Scams

05/08/2022

Reported losses suffered by Australian victims of imposter bond scams increased by 265% to A$20mn in H1, compared to the same period last year.