Anti-Money Laundering

AUSTRAC Offers Guidance on Filing Suspicious Matter Reports

13/12/2024

The guidance comes in the form of an e-learning module, to help regulated entities submit good-quality SMRs and avoid common mistakes.

Clearing & Post-Trade

HKEX to Enhance Post-Trade Services for Cash Equities in 2025

13/12/2024

New post-trade features will be rolled out progressively on HKEX’s Orion Cash Platform (OCP) beginning in mid-2025.

Cryptocurrency

Australia Court Orders Kraken to Pay A$8m for DDO Breaches

13/12/2024

ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.

KYC & CDD

RBNZ Calls on Banks to Enhance Financial Inclusion Initiatives

11/12/2024

The RBNZ identified good practices for deposit takers to consider embedding in their current practices to support financial inclusion.

CBDCs

RBNZ Publishes Results of ‘Digital Cash’ Consultation

11/12/2024

If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.

Reporting & Disclosures

Hong Kong Launches Sustainability Disclosure Roadmap

11/12/2024

Large publicly accountable entities including financial institutions will be required to fully adopt the ISSB standards by 2028.

Trading & Investment

OECD Offers Recommendations on Boosting Philippine Capital Market

11/12/2024

The recommendations include measures to improve corporate governance, ease listing requirements and deepen the investor base.

Cybersecurity

BSP Extends Cyber Risk Management Software to All Banks, VASPs

10/12/2024

The BSP said it is expanding the use of its cyber risk management software known as ASTERisC* to all banks and VASPs.

Conduct, Culture & Accountability

AFCA ‘Refines’ Approach to Dispute Resolution Following Review

10/12/2024

AFCA said it has completed a 3-year programme to respond to an independent review of its operations and “redefined” its approach to external dispute resolution.