Fintech / Regtech

Tokyo Bourse Tests Earnings Report Disclosure in HTML Format

03/01/2022

HTML will make text conversion, mechanical processing, and Japanese-to-English translation of the disclosed information easier compared to PDF, the TSE said.

AML / KYC

SG Police Warns of Phishing Scams Impacting OCBC Customers

02/01/2022

At least 469 victims have fallen prey to phishing SMS scams during December 2021, with losses amounting to at least SGD 8.5 million.

ESG / Sustainability

Malaysia, Thailand Launch Phase 2 of QR Payments Linkage

02/01/2022

Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.

AML / KYC

UK Court Hands Down Longest Ever Jail Terms for Money Laundering

02/01/2022

A Russian and Lithuanian were sentenced to 16 and 17 years in prison, respectively, for laundering £70mn over four years.

AML / KYC

Taiwan FSC Issues New Data Sharing Guidelines for FIs

02/01/2022

Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.

AML / KYC

SFC Fines Grand International Futures for AML Breaches

02/01/2022

Grand International Futures did not conduct due diligence on customer supplied systems, resulting in thier use to create subaccounts and solicit investment from Mainland investors.

BSP to Enhance Bank Reporting of Credit, Equity Exposures

31/12/2021

Banks will pilot test the new submissions from February until May 2022, using data from the 30 June 2021 reporting period.

Securities / Derivatives

CFFEX Halves Settlement Fees in Financial Futures Markets

31/12/2021

Settlement fees for stock index futures and government bond futures will be halved in 2022. Further enhancements are planned in the year ahead.

HKMA Endorses Proposal to Better Protect Mortgage Borrowers

31/12/2021

The proposal will make use of electronic payments directly from bank to bank, rather than routing payments for large property transactions through law firms.