Fintech / Regtech

NPCI, Lyra Network Sign MOU to Allow UPI Payments in France

22/06/2022

The MOU will allow Indians to make payments in France using UPI and Rupay cards at terminals and ATMs provided by Lyra Networks.

ESG / Sustainability

ACRA, SGX to Develop Sustainability Reporting Roadmap

22/06/2022

New advisory committee to develop roadmap for wider implementation of sustainability reporting in Singapore, beyond SGX-listed companies.

Market Infrastructure

FIX Attains ISO Standardisation for Two Standards

22/06/2022

Participants will benefit from higher quality standards documents, which will lead to improved interoperability between implementations.

AML / KYC

Myanmar Considers Joining SPFS, Russia’s SWIFT Alternative

21/06/2022

Myanmar is negotiating the possibility of joining SPFS, an alternative to SWIFT, as well as the use of Russian Mir cards in Asia.

Enforcement

Australian Court Sentences CFD Trader for Insider Trading

21/06/2022

The CFD trader made AUD 343,000 in profit by trading on inside information regarding a takeover bid for PanAust Limited.

AML / KYC

HK Customs Arrests Woman for Suspected Laundering of HK$350m

21/06/2022

The woman used 23 personal bank accounts to launder the money over three years, mostly for shell companies set up by individuals from mainland China.

ESG / Sustainability

Hong Kong Advances Work to Develop Green Finance Capacity, Talent

21/06/2022

Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they’re ready.

AML / KYC

Hong Kong: Victims Lost HK$1.28bn from Fraud from Jan-April

21/06/2022

Email fraud accounted for HKD 333 million of losses to companies and individuals in the first four months of this year.

Market Infrastructure

HKEX to Enhance Clearing Flexibility for Stock Trades – Report

21/06/2022

HKEX plans to allow market participants to appoint multiple clearing banks for stock trades, a move already made for futures traders.