BOJ Extends Covid-19 Support Measures Until March 2022

22/06/2021

The BOJ also said it will introduce a new programme to support investment and loans made by FIs to address climate change issues.

Market Infrastructure

Australian Police to Establish Ransomware Taskforce

22/06/2021

The new taskforce will enable the Australian police to have a more unified approach to pursue ransomware attackers.

Crypto / Digital Assets

Indian Banks to Develop Blockchain System for LCs

21/06/2021

The initiative will eliminate paperwork, reduce transaction processing time and offer a secure environment for processing LCs.

AML / KYC

Philippine SEC Backs Amendments to Bank Secrecy Law

21/06/2021

Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.

Securities / Derivatives

Bursa Malaysia Offers Additional Relief to Listed Issuers

18/06/2021

Relief is provided to listed issuers with unsatisfactory financial conditions or an inadequate level of operations between 1 July 2021 and 31 December 2021.

AML / KYC

NAB Contract Workers Received Little AML Training: Report

17/06/2021

The revelation comes follows AUSTRAC’s launch of a formal enforcement investigation into NAB earlier this month.

Fintech / Regtech

BSP to Issue Strict Regulations On ‘Digital Bank’ Branding

17/06/2021

Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.

Securities / Derivatives

Vietnam: HoSE Commences Trials on New Trading System

17/06/2021

HoSE has commenced connection trials with securities firms and intends to start functional trials from 26 July.

Enforcement

ASIC Sues Austal Over Breach of Continuous Disclosure Obligations

16/06/2021

Major shipbuilder Austal breached its continuous disclosure obligations in 2016 by failing to disclose a material change in its prior earnings guidance, ASIC says.