Market Infrastructure

US Lawmakers Propose Measures to Block Investment in China

16/06/2022

The bill, if passed, will bring more pain to US companies than Chinese companies, says a China Foreign Ministry spokesman.

AML / KYC

UK OFSI Gets Stronger Powers to Punish Sanctions Breaches

16/06/2022

OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.

Market Infrastructure

US Fed Raises Interest Rates by Most Since in 28 Years

16/06/2022

The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.

Big Picture

HKIMR Explores Pandemic Lessons for Operational Resilience

16/06/2022

Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.

AML / KYC

US, UK to Jointly Promote Privacy-Enhancing Tech for AML

15/06/2022

The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.

Enforcement

NZ FMA Fines Cigna for ANZ Product Distribution Failures

15/06/2022

ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.

AML / KYC

Australian Federal Police Sets Sights on Italian Crime Groups

15/06/2022

Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

Market Infrastructure

ASX Consults on Fallbacks for 90 Day Bank Bill Futures

15/06/2022

ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.

Market Infrastructure

Philippines Launches New Framework for Managing Crises

15/06/2022

The SRCM framework sets out how the FSCC should intervene in the event of a potential systemic risk that could negatively affect the macroeconomy.