ESG / Sustainability

Cambodia Launches New Code of Conduct for Banking & Finance

08/03/2022

Banks and financial institutions will have until the end of this year to improve their systems and policies to ensure compliance with the code.

Fintech / Regtech

ASIC Reverses Plans to Extend ePayment Protections to Small Business

08/03/2022

ASIC will publish an updated ePayments Code in April, enhancing some consumer protections and extending those protections to payments made using the NPP.

Enforcement

Philippine SEC Strengthens Director Disqualification Rules

08/03/2022

The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

AML / KYC

Japan to Freeze More Russian Assets, Block More Exports

08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

Market Infrastructure

China to Establish Financial Stability Fund to Defuse Risk

08/03/2022

Premier Li Keqiang said at the NPC’s annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.

AML / KYC

S. Korea Imposes Additional Sanctions Against Russia

08/03/2022

The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.

AML / KYC

IMDA Starts Onboarding Banks to New SMS SenderID Registry

08/03/2022

IMDA has begun onboarding banks and other organisations on the new system, which will prevent spoofed SMS text messages from being sent upfront.

HKMA Seeks to Reassure Bankers Over Covid Restrictions

07/03/2022

Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.

AML / KYC

Bangladesh to Investigate Allegations in Panama, Paradise Papers

07/03/2022

A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.