AML / KYC

RBI Invites NBFCs to Apply for Aadhaar Authentication Licences

17/09/2021

With a KUA or sub-KUA licence, NBFCs will be able to authenticate client Aadhaar numbers using the e-KYC facility provided by UIDAI.

Securities / Derivatives

FINMA Grants Approval Allowing SIX to Deal in Digital Securities

16/09/2021

SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.

Securities / Derivatives

MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market

16/09/2021

MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.

Market Infrastructure

NZ Privacy Commissioner Issued Compliance Notice to RBNZ

16/09/2021

The compliance notice was triggered by the cyber-attack suffered by the RBNZ in December 2020, and confirms the work underway to make its systems more secure.

Enforcement

SEBI to Shorten Time Allowed to Settle Enforcement Proceedings

16/09/2021

SEBI proposes to reduce the timeline allowed for entities to file applications to settle enforcement proceedings from 180 to 60 days.

Enforcement

CBA Faces Criminal Charges Over Consumer Credit Insurance Sales

16/09/2021

Commonwealth Bank plans to plead guilty to making false or misleading representations to customers about insurance policies.

AML / KYC

Singapore Authorities Warn of SMS Diversion Attacks

15/09/2021

Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.

AML / KYC

DPRK ‘Launders’ Vessel Identities to Evade Sanctions: C4ADS

15/09/2021

C4ADS says fraudulent ship registrations created with the IMO are being used to ‘launder’ the identity of vessels associated with illicit activities.

Fintech / Regtech

DTCC to Launch DLT-Based Settlement Platform in Q1 2022

15/09/2021

Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.