AML / KYC

Bangladesh to Introduce Amnesty Scheme for Laundered Money

31/05/2022

The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.

Fintech / Regtech

Thailand Seeks to Become Venture Capital ‘Powerhouse’

31/05/2022

Bangkok is envisioned as a regional hub for innovation-focused investors, with the goal of attracting entrepreneurs and stimulating strategic partnerships globally.

Enforcement

ASIC Files Suit Against ANZ Over ‘Unlawful’ Credit Card Charges

31/05/2022

ANZ charged fees and interest to customers who withdrew funds that were shown as available on their credit card account balances.

Capital / Liquidity

RBNZ Commends Westpac for Improved Liquidity Risk Management

31/05/2022

The RBNZ says Westpac NZ has improved its liquidity risk management and risk culture by improving resourcing and governance.

Enforcement

ACCC Commences Legal Proceedings Against Mastercard Units

31/05/2022

The ACCC says Mastercard offered cheaper rates to over 20 major retail businesses if they used its own network to process transactions.

India: AMFI Directs Fund Managers to End Remote Work Arrangements

31/05/2022

AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.

Fintech / Regtech

MAS FinTech Hackcelerator to Focus on Web3, Green Finance

30/05/2022

Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.

ESG / Sustainability

Bursa Malaysia Advances Work on Voluntary Carbon Market

30/05/2022

Bursa Malaysia has signed an MOU with non-profit organisation Verra, which manages the world’s largest GHG crediting programme.

China Allows Firms to Defer Housing Fund Contributions

30/05/2022

Companies affected by the pandemic can postpone payments of housing provident fund contributions for employees.