Enforcement

China: More Top Officials Get Roped into Corruption Crackdown

30/06/2022

Several PBOC and CBIRC officials have been named in corruption investigations. A former ICBC executive has pleaded guilty on bribery charges.

Crypto / Digital Assets

Taiwan Central Bank Completes Second Phase of CBDC Testing

29/06/2022

The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.

Enforcement

Woori Bank, Crypto Exchange Under Probe for Money Laundering

29/06/2022

This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.

Securities / Derivatives

Chinese Banks Asked to Prepare for Longer Yuan Trading Hours

29/06/2022

Longer trading hours will help meet the rising global demand for yuan transactions, narrow the onshore-offshore spread, and help Chinese investors hedge currency risk.

Securities / Derivatives

HK FRC Explores Joint Audit Inspections with Mainland Authorities

29/06/2022

Hong Kong’s Financial Reporting Council already has 13 cases involving mainland audit work papers, two of which have been concluded.

AML / KYC

Swiss Criminal Court Convicts Credit Suisse for Money Laundering

29/06/2022

The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.

Securities / Derivatives

ETFs to Be Included in Stock Connect Starting 4 July

29/06/2022

The relevant rules and operational and regulatory arrangements have been finalised and technical systems have been put in place.

Fintech / Regtech

JPX Launches Real-time Calculation of Key TSE Indices

28/06/2022

The TSE’s prime, standard and growth market indices are being calculated every 15 seconds from 27 June instead of once a day.

Big Picture

WEF Offers Guidance to Policymakers on DAO Structures, Risks

28/06/2022

DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.