AML / KYC

Sanctions Over-Compliance Causes Human Rights Violations: UN Expert

18/07/2022

UN Special Rapporteur Alena Douhan says governments and FIs should be doing more to ensure over-compliance with sanctions does not negatively impact human rights.

CBIRC Calls on Banks to Help Resolve Mortgage Boycotts

18/07/2022

Hundreds of thousands of homebuyers stopped making payments on mortgages involving more than 200 property projects last week.

Crypto / Digital Assets

UK Commences Inquiry Into Crypto Asset Risks and Opportunities

17/07/2022

A UK parliamentary committee is collecting evidence on the opportunities and risks that crypto-assets may bring to consumers, businesses and the government.

Securities / Derivatives

Malaysia and Shanghai to Collaborate on Derivatives Products

17/07/2022

Bursa Malaysia Derivatives will work with SHFE and INE on the development of new derivatives products to meet the needs of increasingly sophisticated customers.

Securities / Derivatives

Korea Extends Corporate Debt Purchase Programmes to March 2023

17/07/2022

Policy banks will have KRW 6 trillion until 30 March 2023 to buy up corporate bonds and commercial paper.

Crypto / Digital Assets

US Treasury Consults on Digital Asset Risks and Opportunities

17/07/2022

The request for comment seeks input on the opportunities and risks digital assets may pose to consumers, investors, businesses, and financial markets.

Securities / Derivatives

SEBI to Extend Insider Trading Prohibitions to Mutual Funds

17/07/2022

SEBI plans to require asset managers to disclose the holdings and transactions of connected persons, as well as those of their immediate relatives, on an independent platform.

Big Picture

HK Can Retain Hub Status for Alternative Asset Managers: AIMA

17/07/2022

Hong Kong should ensure financial services professionals can move freely, and expand Wealth Connect over time to include alternative asset classes, AIMA says.

AML / KYC

NSW Authorities Inquire Into Money Laundering via Gaming Machines

17/07/2022

NSW Crime Commission issued new papers as part of an inquiry into money laundering via electronic gaming machines at pubs, clubs and hotels.