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KYC & CDD
NZ FMA Issues Formal Warning to InvestNow Over AML Failures
22/10/2022
InvestNow had deficiencies in its processes for verifying customer identities and conducting CDD, EDD and SoW/SoF checks.
Trading & Investment
Thailand Futures Exchange to Launch New FX Contracts
21/10/2022
Currently, TFEX only offers USD Futures. From 31 October, it will launch trading in EUR/USD Futures and USD/JYP Futures.
Trading & Investment
Philippines: Funds Allowed More Freedom to Trade BSP Securities
21/10/2022
The central bank has relaxed restrictions on secondary market trading of BSP Securities by UITFs with foreign participation.
PEPs & Sanctions
US Sanctions, Files Criminal Charges Against Russians
21/10/2022
The sanctions target a procurement network supplying technology to Russia. The indictment explains that crypto was used to facilitate the payments.
Clearing & Post-Trade
Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX
21/10/2022
With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.
Emerging Prudential Risks
FSB Proposes Measures to Address Risks in Govt Bond Markets
21/10/2022
The FSB outlines policies to help address factors that caused non-bank investors to sell government bonds during the March 2020 market turmoil.
Fraud, Scams & Cybercrime
German Prosecutors Raid Deutsche Offices for “Cum-Ex” Probe
21/10/2022
The Cum-Ex scandal dates back more than a decade. Deutsche Bank is said to be fully cooperating with inspections at its Frankfurt offices.
Structural Regulation
IOSCO, IVSC to Work on Improving Global Valuation Practices
21/10/2022
IOSCO and IVSC will study international valuation approaches and ways to improve the quality of financial information available to investors.
Sustainable Finance
IDX, Pertamina to Collaborate on Carbon Market Development
21/10/2022
Pertamina, Indonesia’s largest SOE, will help develop the country’s carbon market ecosystem, using infrastructure developed by IDX.
Trading & Investment
UOB to Launch First Product Under SGX-SZSE ETF Link
21/10/2022
The ETF will list on SGX on 14 November, providing Singapore retail investors access to Shenzhen’s ChiNext market.
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