Trading & Investment

SEBI Allows Foreign Funds to Transfer Securities to IFSC Off-Market

07/06/2021

Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.

Anti-Money Laundering

BSP Orders Banks to Enhance STR Filing Processes

07/06/2021

Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.

Conduct, Culture & Accountability

Hong Kong: Appeals Tribunal Overturns Ban Against UBS Banker

07/06/2021

The SFAT concluded that the former UBS banker cannot be held personally responsible for the failings of the China Metal Recycling transaction team.

Supervision & Enforcement

SEBI Enters MOU with Luxembourg Securities Regulator

07/06/2021

The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.

Fraud, Scams & Cybercrime

US DOJ Forms Ransomware and Digital Extortion Task Force

06/06/2021

The task force will be used to coordinate efforts to combat ransomware attacks, which will now be treated with the severity of terrorism threats.

Anti-Money Laundering

HK Customs Arrests Two for Laundering $5.6 Million

06/06/2021

Two people were arrested for using personal bank accounts to receive payments from the sale of counterfeit goods and launder money.

Cloud & Infrastructure

APRA Publishes New Guide on Using New Data Collection Platform

06/06/2021

The guide provides comprehensive information to assist users in accessing, navigating and using APRA Connect.

Anti-Money Laundering

APG Publishes 2nd Follow-up Report on Pakistan

04/06/2021

Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.

Anti-Money Laundering

Philippine Financing, Lending Firms Must Register with AMLC by 21 June

04/06/2021

Newly covered financing and lending companies that fail to register with the AMLC by 21 June will incur penalties.