AML / KYC

UK Secures Pledges from Global Tech Firms to Tackle Online Fraud

01/12/2023

Signatories pledge to block and remove fraudulent material from their platforms and services and to work closely with law enforcement.

Fintech / Regtech

Legislation Introduced to Expand Australia’s Digital ID System

01/12/2023

The bill introduces a voluntary accreditation scheme for Digital ID service providers, and will allow myGovID to be used in the private sector.

Market Infrastructure

HKEX Proposes to Keep Markets Open During Typhoons

01/12/2023

HKEX proposes operational model to allow markets to remain open during typhoons and rainstorms from July 2024.

APRA Publishes Additional Data on Super Fund Underperformance

01/12/2023

APRA says there is “considerable scope” for fee reductions across the superannuation industry, particularly for trustee directed products.

Enforcement

Taiwan FSC Fines Shanghai Commercial & Savings Bank

30/11/2023

The FSC fined Shanghai Commercial and Savings Bank over leaks of personal data involving 14,000 bank customers.

Securities / Derivatives

HKEX Issues Consolidated Guide for New Listing Applicants

30/11/2023

The guide will better equip listing applicants and their advisers to understand HKEX’s listing requirements, says head of listing Katherine Ng.

ESG / Sustainability

HKMA Sets Standards for Sale of Green & Sustainable Investment Products

30/11/2023

Registered institutions that sell and distribute green and sustainable investment products have 12 months to comply.

AML / KYC

HKMA Fines Local Branch of CA Indosuez for AMLO Breaches

30/11/2023

The HKMA fined CA Indosuez’s Hong Kong branch for failing to continuously monitor business relationships with some clients.

Fintech / Regtech

APRA Calls on Firms to Improve Data Risk Management Practices

29/11/2023

APRA outlined multiple areas where improvements can be made to improve the data management practices of banks, insurers, and superannuation trustees.