AML / KYC

FATF Upgrades South Africa on Three Recommendations

07/11/2024

The FATF said South Africa has made progress in addressing most deficiencies identified in its 2021 mutual evaluation report.

AML / KYC

Taiwan Showcases Financial Sector’s New Anti-Fraud Tech Projects

07/11/2024

The initiatives include a joint learning project aimed at enhancing the accuracy of fraud detection models, and the use of telco data to help identify payment and remittance fraud.

Crypto / Digital Assets

Hong Kong Broker to Launch ‘Virtual Asset Structured Products’

06/11/2024

Victory Securities said the SFC has granted it approval to market and distribute “cash-settled virtual asset structured products” to qualified professional investors.

Securities / Derivatives

CSRC Grants Morgan Stanley Final Approval for Futures Business

06/11/2024

Morgan Stanley will become just the second foreign firm after JPMorgan to have a fully-owned futures business in China.

Fintech / Regtech

MAS, BdF Complete Joint Experiment on Post Quantum Cryptography

06/11/2024

The experiment tested the use of quantum-resistant cryptographic algorithms for email communications. The next phase will focus on payments.

Enforcement

FSS Now Also Probing KB Securities in Korea Zinc Case

06/11/2024

KB Securities joins Mirae Asset Securities as a firm being probed over Korea Zinc’s recent share buyback and capital increase plan.

Market Infrastructure

FSB to Pivot NBFI Work Towards More Targeted Approach – Report

06/11/2024

Two priority areas that could be brought into greater focus include basis trades used by hedge funds and vulnerabilities in private asset markets.

Crypto / Digital Assets

Seven Korean Banks to Start Testing Usage of Deposit Tokens

06/11/2024

The banks will establish wallets for users within the CBDC system and use them to issue deposit tokens, which the users can use to purchase goods and services.

Capital / Liquidity

Thailand Pursuing New Measures to Tackle Rising Household Debt

05/11/2024

The proposed measures would allow certain debtors to receive a three-year moratorium on interest and a 50 percent reduction on principal payments.