BOT Creates Database to Guard Against Factoring Fraud

04/05/2021

The database acts as a centralised repository of factoring-related transactions to guard against counterfeiting, double financing and fraud.

Market Infrastructure

Canada Establishes Regulatory Regime for Financial Benchmarks

03/05/2021

Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.

Securities / Derivatives

PBOC Approves Deutsche Bank as Qualified Primary Dealer

03/05/2021

Deutsche Bank has become the first Eurozone bank to be approved as a qualified primary dealer in China.

RBI to Require Banks, NBFCs to Seek Annual Auditor Approval

03/05/2021

Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.

Enforcement

SG Police Lays 23 Forgery Charges Against Hin Leong Founder

03/05/2021

Lim Oon Kuin now faces a total of 25 charges – 14 counts of abetment of forgery for the purpose of cheating, and 11 counts of abetment of forgery simpliciter.

AML / KYC

AUSTRAC Issues Guidance on Filing More Effective SMRs

02/05/2021

The new resources include a reference guide and checklist, and feature guidance on how to write succinct, accurate and clear grounds for suspicion.

Market Infrastructure

DSB Opens Consultation on OTC ISIN, CFI Service Provision

02/05/2021

The consultation focuses on cloud resilience, cybersecurity risk assessments, and enhanced support for supplier risk assessment activities.

Market Infrastructure

Australia Seeks Partners to Help Develop Carbon Exchange

02/05/2021

Australia’s Clean Energy Regulator is seeking a partner or partners to facilitate the emergence of an exchange-traded market for carbon offset units.

Market Infrastructure

IFRS Foundation Consults on Revisions to Constitution

02/05/2021

The proposed amendments expand the Foundation’s objectives and set out the structure and function of the new International Sustainability Standards Board.