AML / KYC

EU Oil Embargo Opens Possibilities for Further Sanctions – Report

09/05/2022

The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.

Market Infrastructure

LSEG to Launch New NDF Matching Venue in Singapore

09/05/2022

The fully cleared NDF matching venue will be open for integration testing later this year, with a full production launch in mid-2023.

China to Phase Out Foreign PCs, Software from SOEs

09/05/2022

Government agencies and state-backed corporations will have two years to replace foreign-branded personal computers with domestic alternatives.

Securities / Derivatives

SEHK to Unify Main Board, GEM Websites From 28 May

08/05/2022

The websites will be unified to optimise HKEX’s technical infrastructure and provide investors more streamlined access to market information.

AML / KYC

US Court Orders BitMEX Co-Founders to Pay $30m in Fines

08/05/2022

The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.

Enforcement

PBOC, CBIRC Probe Rural Banks Over Service Disruptions

08/05/2022

Customers of multiple rural banks complained that banking service disruptions have prevented them from withdrawing their money.

Market Infrastructure

SEBI Directs Stock Exchanges to Audit Systems and Networks

08/05/2022

Stock exchanges must certify that their trading architecture and co-location facilities conform with regulatory requirements and treat all market participants fairly and equitably.

RBI Issues Guidance for NBFCs on Senior Manager Remuneration

07/05/2022

NBFCs should constitute remuneration committees and use malus or clawback arrangements to account for possible misconduct or poor financial performance.

ESG / Sustainability

Human Rights Abuses Prompt Review of Cambodian Microloans

07/05/2022

Ombudsman agrees to review complaint from Cambodian NGOs alleging IFC funding contributed to human rights abuses in microfinance lending.