Premium Content

Panel 3: Rising Expectations: KYC, Ongoing Monitoring, Name Screening

26/07/2022

This panel will discuss the measures financial institutions are taking to better manage customer risk through KYC, monitoring and screening processes.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Enforcement

Korea: Terra Investigators Seize Records from Crypto Firms

26/07/2022

Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

Capital / Liquidity

HKMA Finalises Guidance on Resolution Planning Expectations

26/07/2022

Resolution planning work will be prioritised for D-SIBs and other locally incorporated banks with total consolidated assets of more than HKD 150 billion.

China Expands FX Management Autonomy for Multinational Firms

26/07/2022

The PBOC and SAFE have expanded a pilot programme that allows multinational companies to pool domestic and foreign currency funds.

Fintech / Regtech

China to Standardise Data Transmission by Securities Firms

26/07/2022

Many securities firms are still using manual processes to transmit data used by fund custodians, managers and fund service institutions for valuation and accounting purposes.

Crypto / Digital Assets

South Korea Deferred Crypto Tax Plans Two Years

25/07/2022

The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.

Premium Content

Panel 2: Disrupted Trade: Supply Chains, Global Security, and Money Laundering

25/07/2022

This panel discusses the pressures supply chains are under due to trade restrictions, sanctions, and pandemic-related disruptions.

Premium Content

Panel 1: Redefining Risk: Sanctions and the Global Battle Against State-Backed Bad Actors

25/07/2022

This panel will discuss opportunities this presents to crack down on corruption and illicit financial flows, as the global tide turns against kleptocracy.