AML / KYC

BSP Warns Banks Against Unlicensed Gaming Operators

11/02/2021

FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.

Enforcement

SFC Freezes Brokerage Accounts Linked to Social Media Scam

11/02/2021

One of the SFC’s top priorities for the year is to crack down on ramp and dump scams and other types of market manipulation conducted through social media.

AML / KYC

US Imposes Sanctions Against Myanmar Military Leaders

10/02/2021

Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

Market Infrastructure

BOJ Surpasses GPIF as Largest Holder of Japanese Equities

10/02/2021

In March 2020, the BOJ said it aims to buy at least JPY 6 trillion worth of ETFs a year with an upper limit set at JPY 12 trillion.

Market Infrastructure

UPDATED: Over 100 Financial Firms Targeted by Single DDoS Attacker

10/02/2021

According to FS-ISAC, retail banking was the top target, accounting for 41% of the attacks, followed by exchanges at 15% and payments at 13%.

Securities / Derivatives

State-owned Firms Issue China’s First Carbon-neutral Bonds

10/02/2021

The bonds reportedly received a lukewarm response from investors who are seeking higher yields amid signs of tighter liquidity.

AML / KYC

India’s NPCI Launches Payment Authorisation Tech Challenge

10/02/2021

Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.

Fintech / Regtech

PBOC Directs Regional Banks to Only Seek Local Customers

10/02/2021

The PBOC told regional banks to focus on serving local customers and to not accept deposits from customers outside their regions.

Crypto / Digital Assets

AFCA Compels NAB to Repay Scammed Customers – Report

10/02/2021

The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.