Enforcement

Singapore Parliament Passes Online Criminal Harms Act

06/07/2023

The new law will give the government the power to order the removal of websites, apps and online accounts suspected of criminal activities.

Crypto / Digital Assets

MAS to Require Trust Holding of DPT Customers’ Assets

04/07/2023

MAS says the move is aimed at preventing the loss of customers’ assets and to facilitate a recovery in the event of a DPT provider’s insolvency.

Market Infrastructure

New SGX, NSE IX Platform to Add Nifty Liquidity

04/07/2023

SGX says the new NSE IX-SGX GIFT Connect will help deepen the liquidity pool for Nifty products.

AML / KYC

MAS Highlights Misuse of Legal Persons through Data Analytics

03/07/2023

The MAS has published a paper to guide banks in using data analytics to detect and prevent the use of front companies to conceal illicit activities.

Crypto / Digital Assets

FATF Publishes Update on VA, VASPs Standards Implementation

28/06/2023

The latest FATF review on country compliance finds that markets are continuing to struggle with FATF requirements to regulate virtual asset service providers.

Enforcement

China’s Tech Sector to See Fewer, but Not Zero, Regulatory Actions

24/05/2023

While the worst of the regulatory action against the tech sector is over, S&P Global Ratings expects more regulatory actions in the foreseeable future.