AML / KYC

Singapore Jails Man for Money Laundering, Email Fraud

07/04/2022

The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.

Capital / Liquidity

EU Banks Seek Easing of Proposed Rules for Third Country Banks

07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

Securities / Derivatives

SEBI Raises Limit for Equity Investments via UPI Mechanism

07/04/2022

The limit for individual investors applying in public issues of equity shares and convertibles using the UPI mechanism is being increased.

Big Picture

Financial Institutions Underestimating Climate Risk: IPCC Report

07/04/2022

Transparency alone is insufficient to drive the required asset reallocation in the absence of clear regulatory frameworks, the report says.

Securities / Derivatives

SEBI Clarifies New Related Party Transaction Rule

07/04/2022

Related party transactions approved before 1 April under the old rules will require approval from shareholders.

Securities / Derivatives

IOSCO Seeks Feedback Bond Market Liquidity, ETF Guidance

07/04/2022

IOSCO is considering ways to improve the functioning of corporate bond markets. It is also proposing new guidance to improve ETF markets.

AML / KYC

Myanmar Orders Conversion of All Foreign Currency to Kyat

07/04/2022

The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.

Fintech / Regtech

Korean Banks to Request Entry into Crypto Sector – Report

07/04/2022

A report will be submitted to the incoming president’s transition committee requesting that banks be allowed to engage in the crypto sector.

ESG / Sustainability

JPX, QUICK Corp Publish Explanations on ESG Issues

07/04/2022

The document provides guidance on the issues facing Japanese companies when it comes to ESG disclosures.