Enforcement

US Regulator Fines Goldman Over Employee Fingerprinting

28/01/2021

FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.

Securities / Derivatives

IOSCO Offers Guidance on Enhancing Complaint Handling Mechanisms

28/01/2021

IOSCO has published a new report to help jurisdictions identify and address gaps in their complaint handling and redress systems.

AML / KYC

BSP Updates VASP Rules to Align with FATF Requirements

28/01/2021

The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.

Securities / Derivatives

Hong Kong Government Prices First Ever 30 Year Green Bond

28/01/2021

Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.

Sanctions

US Treasury Defers Investment Ban on Some Chinese Companies

28/01/2021

A general licence delays the application of restrictions on companies with names that closely match those of the blacklisted companies.

Market Infrastructure

FMA Review Finds NZX Technology Capability Lacking

28/01/2021

NZX is required to develop a detailed, time-bound action plan to address the technology issues identified in a review conducted by the FMA.

Enforcement

HKMA Suspends Banker Over Photocopied Client Signature

28/01/2021

The banker photocopied a client’s signature onto an instruction form and used it to apply for the issuance of a bank reference letter.

AML / KYC

AUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms

28/01/2021

The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.

HK Regulators Ask Bankers to Explain Reasons for Departing City

27/01/2021

Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.