Anti-Money Laundering

Singapore Jails Former Bank Officer Over Shell Company Setups

24/10/2022

The former bank officer recruited nominee directors to set up shell companies and open bank accounts for use by unidentified individual based overseas.

Market Data & Technology

APRA Commences New Statistical Publication on Super Sector

24/10/2022

The published data for the first time includes information on the number and types of products and investment options available in the superannuation industry.

Trading & Investment

Osaka Exchange Prepares to Launch TONA Futures Contracts

24/10/2022

Osaka Exchange will launch three-month TONA futures on 29 May 2023, the same day as its launch of Nikkei 225 micro futures and Nikkei 225 mini options contracts.

Reporting & Disclosures

ISSB Confirms Scope 3 Disclosures Will be Mandatory

23/10/2022

The ISSB will develop relief provisions to help companies meet the Scope 3 reporting requirements, which could include safe harbour provisions.

Structural Regulation

NZ FMA Issues Warnings Against Property Investment Firms

23/10/2022

The firms misused the wholesale investor exclusion to extend offers to people with little or no investment experience.

PEPs & Sanctions

Sri Lanka Will Not Adopt Russia’s Mir Card Scheme

23/10/2022

The CBSL said it is not in a position to consider Russia’s request to operate the Mir card scheme in Sri Lanka, due to US sanctions.

KYC & CDD

NZ FMA Issues Formal Warning to InvestNow Over AML Failures

22/10/2022

InvestNow had deficiencies in its processes for verifying customer identities and conducting CDD, EDD and SoW/SoF checks.

Trading & Investment

Thailand Futures Exchange to Launch New FX Contracts

21/10/2022

Currently, TFEX only offers USD Futures. From 31 October, it will launch trading in EUR/USD Futures and USD/JYP Futures.

Trading & Investment

Philippines: Funds Allowed More Freedom to Trade BSP Securities

21/10/2022

The central bank has relaxed restrictions on secondary market trading of BSP Securities by UITFs with foreign participation.