AML / KYC

APG Releases 2021 Typologies Report, Case Studies

26/08/2021

The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.

Enforcement

Indian Police Arrest Karvy Stock Broking Founder for Fraud

25/08/2021

The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.

Crypto / Digital Assets

Japan: Crypto Firm Liquid Resumes Services Following $97m Hack

25/08/2021

Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.

Market Infrastructure

CME Group Launches BSBY Futures Contract

25/08/2021

The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.

Securities / Derivatives

Shenzhen to Establish New Securities Arbitration Centre

25/08/2021

The new Shenzhen Court of International Arbitration, established with the SZSE, will handle cross-border securities and capital market disputes.

Securities / Derivatives

Taiwan Finance Ministry Asks State Banks to Buy Stocks

25/08/2021

The Finance Ministry reportedly called senior bank executives to suggest they buy shares to support the stock market, which fell for 9 days straight.

Enforcement

Singapore Police Charges Ex-UOB Banker Over Data Disclosure

25/08/2021

The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.

ESG / Sustainability

Singapore, US Agree to Cooperate on Cyber, Climate Risk

24/08/2021

The climate partnership focuses on stronger collaboration on sustainable finance, standard setting, climate risk disclosures, and carbon markets.

Securities / Derivatives

PBOC, CBIRC Pressure Evergrande to Resolve Debt Risks

24/08/2021

Evergrande must actively diffuse debt risk and maintain real estate and financial markets stability, the PBOC and CBIRC said in a rare joint statement.