Crypto / Digital Assets

US Treasury Forms Educational Subgroup on Digital Assets

16/03/2022

The new subgroup will develop educational materials to help consumers make informed decisions about digital assets.

Enforcement

Taiwan FSC Penalises Shin Kong Over Governance, Control Failures

16/03/2022

Shin Kong Financial Holding executives were taking directions from the former group chairman, who was barred in 2020.

Enforcement

RBI Lifts Restrictions on Digital Product Launches at HDFC

16/03/2022

The restrictions were imposed in 2020 in response to multiple digital outages that impacted customers. HDFC is India’s largest private bank.

Crypto / Digital Assets

Thai SEC Revises Definitions for Institutional, HNW Investors

16/03/2022

Institutional investors will include those with the ability to analyse and absorb risks in complex and high-risk products, such as VC and PE firms, investment analysts, and company directors.

AML / KYC

INTERPOL Launches Financial Crime and Anti-Corruption Centre

16/03/2022

The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

Market Infrastructure

FS-ISAC Warns of Cyber Risk ‘Trifecta’ in 2022 and Beyond

15/03/2022

Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.

Fintech / Regtech

RBI Launches New Services to Drive Digital Payments Adoption

15/03/2022

UPI-based instant payments can be enabled on some 400 million feature phones in India that do not have an internet connection.

Market Infrastructure

PBOC to Set Up New Funding System to Drive Energy Transformation

15/03/2022

The PBOC will provide financial support for the development of new energy sources such as wind power, photovoltaics and other forms of energy transformation.

Securities / Derivatives

MAS Issues New Compliance Toolkits for Fund Managers, CMS Licensees

15/03/2022

The compliance toolkits will provide regulated entities with a simple reference on the common applications, forms and submission requirements.