Crypto / Digital Assets

ASEAN Ministers, Central Banks Prioritise Financial Stability, Inclusion

14/04/2022

Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.

Fintech / Regtech

DTCC to Explore Use of CBDC in Clearing and Settlement

14/04/2022

Project Lithium will explore how a CBDC can reduce counterparty risk and trapped liquidity, increase capital efficiency and enable atomic settlement.

Australia Proposes Regulatory Changes to Make M&A More Efficient

12/04/2022

The consultation seeks feedback on whether schemes of arrangement which relate to changes in corporate control should be regulated by the Takeovers Panel rather than the Court.

AML / KYC

Philippine NPO Sector Rated as Medium Risk for Terrorist Financing

12/04/2022

The SEC warns that suspected or actual misuse of the NPO sector for terrorism financing can present serious ramifications for an NPO’s intended beneficiaries.

Enforcement

ASIC Charges Firm for Offering Crypto Loans Without Credit Licence

09/04/2022

ASIC has charged Helio Lending for falsely representing that it had a credit licence that allowed it to offer cryptocurrency-backed loans.

Fintech / Regtech

JPX to Provide Free Market Data to Retail Investors

09/04/2022

JPX plans to launch a beta version of an API for retail investors under its ‘J-Quants’ project, and is inviting early adopters to apply for early access.

AML / KYC

India Introduces Bill to Outlaw Proliferation Financing

07/04/2022

The Bill will also give the government powers to freeze, seize or attach funds or other financial assets or economic resources to prevent WMD financing.

Fintech / Regtech

Korea FSS Commences Inspections of Internet-only Banks

06/04/2022

The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.

AML / KYC

Singapore Tightens Laws on Technology Risk, Crypto Assets

06/04/2022

FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.