Crypto / Digital Assets

ADDX, CCB Partner to Enable Chinese Offshore Investments

24/06/2022

The CCB agreement allows ADDX to operationalise an arrangement with ICHAM to channel QDLP funds from mainland investors into overseas digital securities.

ESG / Sustainability

GFANZ Consults on Net-zero Transition Planning Framework

24/06/2022

GFANZ identifies four critical approaches for financial institutions to support real-economy GHG emissions reductions.

AML / KYC

NSW to Strengthen State AML Laws to Target Organised Crime

24/06/2022

New legislation will be introduced around September to enable police to stop-and-search for and seize unexplained wealth and ban encrypted devices.

Fintech / Regtech

DBS Launches Overseas QR Payments for Singapore Users

24/06/2022

Users of the DBS mobile payment and wallet service known as PayLah! can scan UnionPay QR codes to pay in 45 countries.

Fintech / Regtech

Mojaloop Launches CBDC Center of Excellence in Singapore

24/06/2022

MAS welcomed the Center of Excellence, describing Mojaloop’s efforts as “a step forward into the future of financial services”.

Market Infrastructure

NZ FMA Issues Guidance on Financial Sector Cyber Resilience

24/06/2022

The financial services sector recorded more cyber incidents than all other industries in New Zealand in the quarter ending March.

Enforcement

Japan SESC Seeks Penalty Order Against UK High Speed Trader

23/06/2022

Atlantic Trading London engaged in a series of manipulative derivative transactions in early 2020, the SESC said.

AML / KYC

US Sanctions Companies in HK, UAE for Iran-linked Dealings

23/06/2022

The sanctions came on the back of attempts by the US to restore the JCPOA, for which Iran is demanding some sanctions be lifted.

Enforcement

Korean Prosecutors Impose Flight Ban on Terra Employees

23/06/2022

The travel ban is meant to prevent dozens of Terraform Labs employees in Korea from leaving the country to avoid being summoned for questioning.