AML / KYC

New Zealand DIA Publishes Guidance on AML/CFT Approach & Strategy

06/07/2022

The first publication covers the DIA’s approach to regulating AML/CFT. The second outlines how the DIA uses its compliance and enforcement toolkit.

Market Infrastructure

Hong Kong, China to Launch ‘Swap Connect’ in Six Months

05/07/2022

Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.

New Zealand Passes Law to Introduce ‘Conduct Licensing’ Regime

30/06/2022

Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.

Fintech / Regtech

RBI Issues Draft Rules on Managing IT Outsourcing Risks

28/06/2022

Regulated entities don’t require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.

Securities / Derivatives

ASIC Issues Guidance on CCIV Registration, Licensing

24/06/2022

To register a CCIV and initial sub-fund, a corporate director would first need to obtain an AFS licence, which can be a variation of an existing licence.

ESG / Sustainability

IFRS Foundation, VRF Finalise Consolidation Arrangements

24/06/2022

The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.

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.