ASIC Publishes Industry Complaints Data for the First Time

05/12/2024

ASIC says over 4.7 million complaints reported indicate that some financial firms may not be reporting complete and accurate IDR data.

AML / KYC

Australia Directs ACMA to Operate ‘Mandatory’ SMS Sender ID Register

05/12/2024

The ACMA is directed to develop an enforceable industry standard for a mandatory ‘SMS Sender ID Register’ to protect against scams.

ESG / Sustainability

New Zealand FMA Reviews First Climate Statements under CRD Regime

04/12/2024

The FMA is “encouraged” by the first climate statements filed by climate reporting entities and acknowledges the challenges they face.

AML / KYC

HKMA Announces Two New Anti-Scam Measures for Banks

04/12/2024

“Money Safe” will allow customers to segregate a portion of their deposits and protect it from fund outflows, similar to Singapore’s “Money Lock”.

AML / KYC

Australian Police Dismantle Money Laundering Syndicate

03/12/2024

The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.

HKEX Announces Retirement of Key Executive Wilfred Yiu

02/12/2024

Wilfred Yiu oversaw the implementation of the Connect programme expansion, ETF reforms, derivatives holiday trading, dual counter model, and severe weather trading.

Enforcement

ICAC Charges Former SFC Manager for Sharing Confidential Information

02/12/2024

The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

ESG / Sustainability

Five Firms Adopt HK’s Code for ESG Ratings & Data Providers

02/12/2024

Bloomberg, CDP, MioTech, Moody’s, and MSCI ESG Research LLC have signed up to adopt the new code of conduct for ESG ratings and data products providers.

Fintech / Regtech

HKUST Launches New GenAI Platform for Financial Sector

29/11/2024

HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.