Securities / Derivatives

Singapore to Continue Electronic Dissemination of Offer Documents

29/06/2021

The extension of the temporary measure will allow rights issues and take-over or merger transactions to proceed within prevailing safe management measures.

AML / KYC

CBA Contractors May Have Cut Corners on Compliance Tasks

29/06/2021

Contract workers reportedly had to cut corners on compliance tasks to meet their KPIs, including by copy and pasting text from templates to fill reports sent to AUSTRAC.

AML / KYC

AUSTRAC Assesses Risk in Non-bank Lending & Financing Sector

29/06/2021

The main threat facing the non-bank lending and financing sector is fraud, particularly loan application fraud, identity fraud and welfare fraud.

Market Infrastructure

FSB Launches Review of Corporate Debt Workouts

29/06/2021

Feedback is invited from financial institutions, corporates, insolvency practitioners and other stakeholders in relation to out of court debt workouts.

Fintech / Regtech

MAS Launches Global Challenge for Retail CBDC Solutions

29/06/2021

Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.

Market Infrastructure

SWIFT’s Enhanced Platform Endorsed by Six Global Banks

29/06/2021

Bank of China, BNY Mellon, BNP Paribas, Citi, Deutsche Bank and Standard Chartered have confirmed their preparations for the enhanced platform ahead of the November 2022 go-live.

Market Infrastructure

Ant Group In Talks to Share Credit Data with SOEs

28/06/2021

The plan may resolve the PBOC’s long-standing concerns about a lack of visibility into the country’s consumer debt market.

AML / KYC

Australia: Senate Committee Calls for Submissions in AML Inquiry

27/06/2021

The inquiry will explore the adequacy and efficacy of Australia’s AML/CTF regime. The terms of reference have been published.

Enforcement

105 More Charges Laid Against Hin Leong Founder

27/06/2021

Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.