AML / KYC

NZ FIU Calls for Help to Combat Transnational Organised Crime

16/03/2022

Reporting entities are “uniquely positioned” to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.

Fintech / Regtech

BSP to Initiate Pilot Project to Test CBDC Use Cases

16/03/2022

The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.

AML / KYC

AUSTRAC Proposes Amendments to AML/CTF Rules

16/03/2022

A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.

ESG / Sustainability

HKEX Listing Committee Outlines Policy Agenda for 2022

16/03/2022

HKEX will review the IPO eligibility requirements for technology firms, optimise the IPO price discovery process, and enhance ESG standards and climate disclosures.

AML / KYC

Tencent Faces Record Penalty Over AML Breaches – Report

16/03/2022

The breaches involved failures to verify the identities of users and merchants transacting on WeChat Pay, as well as the source of funds for those transactions.

ESG / Sustainability

BOJ to Launch New Climate Survey in Fiscal 2022

15/03/2022

The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.

Securities / Derivatives

Japan FSA to Compel Listed Firms to Disclose Gender Ratios

15/03/2022

An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.

Singapore to Introduce Points-based Visa System for Foreigners

15/03/2022

Singapore is seeking to attract higher-calibre foreign workers with “super skill sets” under a new points-based visa system.

Market Infrastructure

Philippine Regulators Issue Guidelines on Streamlining Bank M&As

10/03/2022

Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.