AML / KYC

NSW Ministers Working on New AML Laws – Report

17/05/2022

The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.

China Lowers Mortgage Rates for First-home Buyers

17/05/2022

The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.

AML / KYC

HK Police Arrest 17 for Using Virtual Banks to Launder Money

16/05/2022

The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.

Fintech / Regtech

FASB Commences Review of Accounting Rules for Digital Assets

16/05/2022

Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.

AML / KYC

Myanmar Govt Charges Ex-Central Bank Official with Corruption

16/05/2022

Former CBM deputy governor U Bo Bo Nge is being charged by the military government on allegations that caused losses to the government.

ESG / Sustainability

Bursa Malaysia, CIMB Collaborate to Drive ESG Adoption

16/05/2022

CIMB becomes the fourth bank overall, and first home-grown bank, to collaborate with Bursa Malaysia on its #financing4ESG initiative.

Enforcement

APRA Orders Super Trustee to Improve Governance

16/05/2022

APRA said the direction was necessary to ensure NESS Super Pty Ltd expedites the appointment of an additional independent director.

Crypto / Digital Assets

India’s NSDL Launches Blockchain Platform for NCD Market

16/05/2022

The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.

Securities / Derivatives

SEBI Revises Framework for Calculating Margin Requirements

14/05/2022

The margin requirements calculated for derivatives will be based on the fixed beginning-of-day margin parameters.