AML / KYC

SC Malaysia Charges Three for Money Laundering Offences

15/01/2024

The three individuals face a combined 28 money laundering charges over illegal proceeds totalling MYR 283.5 million.

Enforcement

IA, HKMA Take Joint Enforcement Action Against Insurance Agent

12/01/2024

The agent was suspended and fined for keeping gift vouchers that were intended to be given to clients as gifts.

Fintech / Regtech

BSP Grants Direct PhilPaSSplus Access to First Nonbank EMI

12/01/2024

OmniPay’s direct access to PhilPaSSplus allows it to make efficient and low-risk funds transfers using central bank rails.

Securities / Derivatives

HKEX to Support More Mainland Firms to List in Hong Kong

11/01/2024

Under the MoU, HKEX will support Xi’an-based companies that are interested in seeking a listing in Hong Kong.

Enforcement

SFC Issues New Alert on Suspicious Real Estate Investment Products

10/01/2024

The SFC has warned the public to be wary of Kaplink 006 Limited and Kaplink 007 Limited, involving real property development projects in Australia.

AML / KYC

SFC Sanctions Responsible Officer Over Licensee AML Compliance Failures

10/01/2024

The SFC suspended Andy Wong Yeung for 10 months over his role in City International Futures’ AML compliance failures.

Securities / Derivatives

Philippine Regulators Pledge to Deepen Bond Market

09/01/2024

The objective is to increase the diversity of corporate borrowers that issue bonds and to make risk pricing more active.

ESG / Sustainability

HK Regulators Unveil New Sustainable Finance Initiatives

09/01/2024

Hong Kong will adopt the IFRS Sustainability Disclosure Standards and integrate transition considerations into policy work.

AML / KYC

Vietnam: SBV Directs Banks to Strengthen AML Controls

08/01/2024

The directions come after Vietnam implemented a new AML law in 2022 and “Decree 19” in April 2023 to support implementation.