Crypto / Digital Assets

RBNZ to Develop Monitoring Capabilities for Crypto Markets

02/07/2023

The RBNZ is not planning to introduce a regulatory framework for cryptoassets until global best practice becomes clearer.

Market Infrastructure

Thailand Launches Fully Digitalised Platform for Corporate Bond Issuance

02/07/2023

The DIF Web Portal is an end-to-end system covering the process of issuance, filing, subscription, payment and delivery for corporate bonds.

Fintech / Regtech

MAS Launches New SME Support Project with Rwanda Central Bank

30/06/2023

The project aims to solve data unavailability challenges that prevent SMEs from accessing financing from banks.

AML / KYC

NZ Court Fines Tiger Brokers for AML Failures

30/06/2023

Tiger Brokers ordered to pay NZD 900,000 penalty for multiple AML/CFT breaches between April 2019 and January 2020.

Enforcement

ASIC Directs Super Funds to Consolidate Duplicate Member Accounts

29/06/2023

ASIC warned it will take enforcement action against trustees who do not comply with their obligations to identify and merge duplicate member accounts.

AML / KYC

Australia Commits to Taking Action to Address Debanking

29/06/2023

Treasury will work with APRA and the four major banks to design and scope a voluntary data collection on de-banking.

Fintech / Regtech

Malaysia SC Launches New Initiative to Boost Islamic Fintech

28/06/2023

The ‘FIKRA ACE’ initiative consists of an accelerator programmme, a networking platform, and a platform for collaborations.

Market Infrastructure

ASX CHESS Replacement Project Under Continued Scrutiny

28/06/2023

ASIC chair Joe Longo said ASX had an “engagement problem” and that officials were working to boost oversight of the CHESS replacement project.

FMA Issues Guidance on Intermediated Distribution of Financial Products

28/06/2023

The guidance sets out the FMA’s expectations on the distribution of financial products through intermediaries under the new CoFi regime.