Crypto / Digital Assets

Laos Central Bank Authorises Crypto Exchange Platforms

23/01/2022

Cryptocurrency exchange platforms Lao Digital Assets Exchange and Bitqik are expected to start providing services in April.

Fintech / Regtech

Singapore, Indonesia to Deepen Cooperation on Payments, AML

22/01/2022

MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

Chinese Private Banks Violating New Online Lending Rules

21/01/2022

New rules which took effect from 1 January prohibit local and regional banks from extending online loans to borrowers outside of their operating territories.

PBOC Cuts Benchmark Rates to Spur Lending, Economy

21/01/2022

The LPR was lowered for the first time since April 2020 after data showed a worsening outlook for the property sector and weaker consumer activity.

AML / KYC

Malaysia Receives KPMG Payment to Settle 1MDB Claims

21/01/2022

The 1MDB funds recovered so far are only enough to pay off the principal owed for 2022. The remaining debt will continue to be bourne by the government.

AML / KYC

MAS Fines Vistra Trust for Failures in AML Controls

20/01/2022

Vistra failed to identify certain higher risk accounts and to subject these accounts to EDD measures, both during account acquisition as well as on an ongoing basis.

Market Infrastructure

FS-ISAC Initiative to Bolster Financial Sector Supply Chain Security

20/01/2022

The initiative fosters continuous collaboration and information sharing between financial institutions and critical network infrastructure and services providers.

RBNZ Proposes to Reduce ‘Burden’ of Preparing Assurance Reports

20/01/2022

The RBNZ proposes changes to make assurance reports on bank disclosure statements easier to navigate, more readable, and easier to prepare.

AML / KYC

MAS, ABS Announce Measures to Bolster Online Banking Security

20/01/2022

Singapore banks will put in place the more stringent measures within the next two weeks, and work on more permanent solutions in the coming months.