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AML / KYC
FATF Issues Report on Digital Tools for Law Enforcement
12/06/2022
The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.
Securities / Derivatives
RBNZ to Start Unloading Government Bond Holdings in July
12/06/2022
The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.
Enforcement
ASIC Issues Guidance on Financial Adviser Warnings, Reprimands
12/06/2022
ASIC can issue a warning or reprimand to a financial adviser in circumstances where it does not plan to take stronger enforcement action.
Capital / Liquidity
Bangladesh Bank Relaxes Capital Requirement for Padma Bank
12/06/2022
The bank will be allowed to hold liquid assets worth 3.25% of deposits, compared to a 13% requirements for other banks.
AML / KYC
OFAC Blocks Secondary Market Trading in Russian Debt, Equity
12/06/2022
To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.
AML / KYC
BNM Directs Banks to Enhance Fraud Risk Controls
12/06/2022
BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.
Enforcement
US Ruling Calls Into Question Key SEC Enforcement Mechanism
12/06/2022
The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.
Securities / Derivatives
FSC Korea to Improve Fairness of Accounting Review Process
12/06/2022
The review period will be limited to one year in principle, with the possibility of a six-month extension, to prevent accounting reviews from being prolonged.
Enforcement
Singapore Police Arrest Eight Involved in SMS Phishing Scams
10/06/2022
The scammers were arrested after more than SGD 60,000 was lost in SMS phishing scams targeting DBS customers.
HKMA Invites Global Banks to November Summit in Hong Kong
10/06/2022
The two-day summit is reportedly aimed at reversing an exodus of financial talent from Hong Kong after more than two years of Covid-19 measures.
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