AML / KYC

AFP Wins First Asset Confiscation Case Under Operation Ironside

01/10/2021

A$6mn in cash obtained as a result of the forfeiture order will be redistributed to support crime prevention, law enforcement and related community initiatives.

Market Infrastructure

China: Alibaba Apps Include WeChat Pay as Payment Option

01/10/2021

The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.

Market Infrastructure

FSB Launches New Financial Stability Surveillance Framework

30/09/2021

The new framework will further enhance the FSB’s ability to identify and address financial system vulnerabilities in a proactive manner.

Big Picture

BIS Turns Attention to Practical Issues of Retail CBDC

30/09/2021

The BIS and seven central banks have published three new reports exploring practical policy and implementation issues of general purpose CBDCs.

Market Infrastructure

PBOC Directs Banks to Support Housing Market

30/09/2021

Banks are asked to refrain from cutting off funding to developers, continue supporting projects under construction, and approve mortgages for homebuyers.

Market Infrastructure

Open Letter from FPIs to SEBI on T+1 Settlement

30/09/2021

ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

Capital / Liquidity

BCBS Publishes Latest Basel III Monitoring Report

30/09/2021

Seven Group 1 banks had an LCR below 100%, reflecting the use of LCR reserves during the Covid-19 pandemic, as intended by the framework, the report says.

AML / KYC

US DOJ Links Singapore, Hong Kong to Tax Evasion Case

30/09/2021

An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

Enforcement

CSRC Issues Draft Rules Promoting ‘Honest’ Investment Banking

30/09/2021

The draft rules require investment banking intermediaries to strengthen risk control and strictly prohibit the use of below-market pricing to win business.