Enforcement

Ex-CITIC Banker Ordered to Disgorge Insider Dealing Profits

31/07/2024

Hong Kong’s Market Misconduct Tribunal also banned the former executive deputy general manager from certain activities for three years.

Enforcement

ANZ Working to Address Conduct Issues With “Urgency”

31/07/2024

ANZ said it has suspended, terminated and issued a formal warning to several employees in its Sydney dealing room.

Fintech / Regtech

BSP Set to Reopen Applications for Digital Bank Licences

30/07/2024

BSP Governor Eli Remolona said a circular would be released “soon” indicating when the application window will be reopened.

ESG / Sustainability

ASX Launches First Environmental Futures Contracts

30/07/2024

Three new environmental futures contracts will allow market participants to price and hedge emissions reduction risks, ASX said.

AML / KYC

Interpol Issues Red Notices for Hong Kong Crypto Promoters

30/07/2024

The HKPF had asked Interpol to help locate the crypto promoters over their suspected role in a cryptocurrency deception case.

Crypto / Digital Assets

New Zealand DIA Issues New AML-CFT Guidance for VASPs

29/07/2024

The guidance clarifies that the travel rule does not apply to transfers to un-hosted/self-hosted wallets, but that customer due diligence is still required.

AML / KYC

Australia: Industry Body Launches ‘Online Scams Code’ for Tech Firms

29/07/2024

The Code was introduced by DIGI as a “proactive initiative” to fast-track consumer protection measures ahead of mandatory codes being introduced in Australia.

Securities / Derivatives

New Zealand FMA Issues Guidance on Protecting Client Assets

27/07/2024

The guidance note applies to financial service providers that hold or deal with client money or property on behalf of clients, including stockbrokers and custodians.

AML / KYC

BSP Introduces Framework for Merchant Payment Activities

26/07/2024

The framework sets out regulatory requirements for operators of payment systems that engage in merchant payment acceptance activities.