AML / KYC

Indonesia OJK Issues New AML/CFT/CPF Regulations

22/06/2023

OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.

Securities / Derivatives

Korea Adopts Two Prong Approach to Boost Tech Listings

21/06/2023

Regulators will run a month-long roadshow promoting stock listings by tech firms, and work to enact further facilitative rule changes.

Enforcement

SEBI Punishes 135 Entities Over Stock Manipulation Scheme

21/06/2023

SEBI fined 135 entities and barred them from accessing the securities market over a stock manipulation scheme.

Enforcement

Korea FTC Investigates Securities Firms for Price Fixing

21/06/2023

The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.

AML / KYC

EBA Calls Out Ineffective AML Risk Management in Payments Sector

21/06/2023

The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.

ESG / Sustainability

New Zealand FSC Publishes New Guidance on Climate Disclosures

21/06/2023

The new FSC guidance is designed to help fund managers and insurers to better understand and assess climate-related risks and prepare for mandatory climate reporting.

Market Infrastructure

HKMA Directs Banks to Enhance Protections for Payment Card Customers

21/06/2023

Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.

Market Infrastructure

RBNZ Considers Expanding Access to Settlement Accounts

19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Enforcement

APRA Fines OnePath Custodians for Breaching Superannuation Law

19/06/2023

OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.