AML / KYC

AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions

22/06/2022

AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.

ESG / Sustainability

Thai SEC Partners With CDP to Drive Environmental Disclosures

22/06/2022

The SEC and CDP will co-develop a programme to improve the quantity and quality of environmental disclosures from corporates and FIs in Thailand.

Market Infrastructure

Korea Post Offices to Start Offering Simple Banking Services

22/06/2022

Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks – Kookmin, Shinhan, Woori and KEB Hana.

Market Infrastructure

Hong Kong Travel Restrictions Hindering Wealth Connect – Reports

22/06/2022

Wealth Management Connect had attracted only 0.3 percent of the total quota since its inception in October. HKIFA calls for an end to quarantine rules.

ESG / Sustainability

MAS Unveils First Use Case for New AI Platform ‘NovA!’

22/06/2022

NovA! will initially be used for ESG risk assessments when originating, underwriting and servicing sustainability-linked loans for the real estate sector.

Fintech / Regtech

‘Substantial Changes” Needed to Fully Reap Benefits of DeFi: BIS

19/06/2022

A new BIS bulletin highlights a growing trend in DeFi to rely on forms of centralisation, and a need for it to ultimately fall within the regulatory umbrella.

Market Infrastructure

Japanese Tax System Derailing Tokyo Hub Ambitions: Report

16/06/2022

The plan to reform the tax system to attract hedge funds to Tokyo has resulted in “preferential treatment no one would use.”

Market Infrastructure

ASIC Calls on Listed Companies to Bolster Cyber Resilience

16/06/2022

Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.

AML / KYC

IMF Calls on Philippines to Enhance AML Supervision

14/06/2022

Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.