Anti-Money Laundering

SG Police Charge Two for Disclosing Singpass Login Details

23/03/2022

The Singpass login details were used by scam syndicates to open new bank accounts to launder the proceeds of crime.

Structural Regulation

BSEC Orders Bourses to Reshuffle Regulatory Affairs Divisions

23/03/2022

Stock exchange employees working in Regulatory Affairs departments for more than three years must transfer to other departments immediately.

Market Data & Technology

HKEX to Introduce New Features to Market Access Platform

22/03/2022

HKEX will increase the precision of time-stamping and introduce an indicator identifying aggressive vs passive orders.

KYC & CDD

GLEIF Welcomes LEI System’s First India Validation Agent

22/03/2022

Rubix Data Sciences has become the first India-based Validation Agent within the Global LEI System, and the sixth globally.

Structural Regulation

ASIC Consults on CCIV Licensing Requirements

22/03/2022

ASIC will be able to limit a corporate director’s CCIV operations to one CCIV with a single sub-fund if the corporate director fails to demonstrate ‘organisational competence’ and capacity.

Trading & Investment

Bursa Malaysia Adds e-DRP Functionality to Mobile App

22/03/2022

The new feature allows investors to participate in Dividend Reinvestment Plan corporate exercises electronically.

Payments & Settlements

India, China to Enable Cross-Border Payments With Arab World

21/03/2022

India’s NPCI and China’s UnionPay have signed agreements to establish interoperability with Buna, a payment system owned by the Arab Monetary Fund.

Emerging Prudential Risks

Financial Stability Risks from BigTech May Be Increasing: FSB

21/03/2022

The FSB warns that bigtechs could become so large or dominant that their failure could have a severe impact on economic activity and financial stability.

Conduct, Culture & Accountability

NZ FMA Asked to Improve Conflicts Handling Process

21/03/2022

An independent review has found shortcomings in the way the FMA handled a conflict of interest last year and proposed changes to its processes.