Enforcement

SFC Fines Black Marble Securities for Internal Control Failings

01/04/2021

The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.

Crypto / Digital Assets

India MCA Directs Companies to Disclose Crypto Dealings

01/04/2021

Companies are required to disclose their cryptocurrency dealings as well as profits and losses on these transactions in their financial statements.

Capital / Liquidity

RBNZ Eases Restrictions on Bank Dividend Payouts

31/03/2021

The 50% dividend restriction will remain in place until 1 July 2022, at which point the RBNZ will seek to normalise the dividend settings.

Enforcement

SG Police Investigate Over 300 Individuals in Cases of Scams

31/03/2021

The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.

AML / KYC

AUSTRAC Publishes Regulatory Guides on Strengthen AML Controls

31/03/2021

The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.

Japan Plans to Retain Yen TIBOR, Discontinue Euroyen TIBOR

31/03/2021

JBA TIBOR Administration plans to consult on its intent to retain yen TIBOR and discontinue euroyen TIBOR at end-2024, as well as the specifics and timing of the reform.

ESG / Sustainability

IOSCO Forms Working Group to Aid IFRS Sustainability Project

31/03/2021

The MAS and US SEC will co-lead the new technical working group, which will help develop technical recommendations needed for new sustainability reporting standards.

AML / KYC

China Sanctions UK, US, Canadian Individuals and Entities

30/03/2021

The sanctions follow coordinated action by the US, EU, UK and Canada last week to sanction Chinese officials and entities over Xinjiang.

Market Infrastructure

DSB Seeks Provider of OTC Derivatives Reference Data for UPI

29/03/2021

Underlier identifiers representing the instrument, index, or reference rate for an OTC derivative are attributes used to define a UPI.