Enforcement

Taiwan FSC Fines Three Banks Over Client Fund Embezzlement

03/01/2022

CTBC Bank was fined TWD 14 million, Bank SinoPac was fined TWD 4 million, and Bank of Panhsin was fined TWD 2 million.

Fintech / Regtech

IndusInd Bank, NPCI Partner on UPI-based Cross Border Payments

03/01/2022

Initially, real-time remittances from Thailand to India will be enabled via DeeMoney, a Thailand-based money transfer operator and partner of IndusInd Bank.

Securities / Derivatives

CCB Issues First Green Bond Under Common Ground Taxonomy

03/01/2022

$500mn worth of floating rate senior green notes were issued by China Construction Bank’s Macau branch using the China-EU Common Ground Taxonomy.

ESG / Sustainability

Taiwan FSC Reveals Focus Areas of 2022 Inspections

03/01/2022

The 7 core focus areas include consumer protection, real estate credit, information security, conflicts of interest, and green finance.

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.