Fintech / Regtech

Thai SEC Proposes New Rules on Crypto-related Advertising

15/02/2022

Advertisements related to cryptocurrencies in public areas will be prohibited, but advertising of services “can still be carried out normally”.

AML / KYC

MAS Issues Guidance on Tech Adoption for Remote CDD

14/02/2022

MAS identifies good industry practices used to guard against fraud, impersonation, and document tampering in a non-face-to-face setting.

Securities / Derivatives

RBI Finalises Master Directions for Credit Derivatives Market

14/02/2022

The revised directions are aimed at helping to develop more liquidity in the corporate bond market, especially for the bonds of lower-rated issuers.

AML / KYC

Australia Senate Introduces Tranche 2 Reform Bill, Again

13/02/2022

The bill, if passed, will help fulfill a nearly 16-year-old commitment to bring gatekeeper professions within Australia’s AML regime, and require the establishment of a public UBO register.

AML / KYC

HK Gov Issues Discussion Paper on Proposed VASP Regime

11/02/2022

Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.

Fintech / Regtech

FSB Working on Global Regulatory Framework for Crypto

11/02/2022

The FSB is reportedly “going full steam” on the issue of developing global regulatory standards for the crypto asset market.

AML / KYC

Wash Trading Undermines Trust in NFT Markets: Report

10/02/2022

Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.

Capital / Liquidity

GHOS Reaffirms Commitment to Timely Basel III Implementation

10/02/2022

The outstanding reforms will help to restore credibility in bank capital ratios, said Pablo Hernández de Cos, who has been reappointed as chair of the BCBS.

Enforcement

Singapore Man Charged Over False Statements in Telegram Chat

09/02/2022

The false statements were used to induce investors to trade listed securities. SGX has previously warned about the use of Telegram chat groups in “pump and dump” schemes.