Clearing & Post-Trade

HKEX to Accept CGBs as Collateral for Swap Connect from 13 Jan

17/12/2024

From 13 January, China government bonds held through Bond Connect can be used as collateral for Northbound Swap Connect.

Anti-Money Laundering

AUSTRAC Sets AML/CTF Improvement Priorities for Reporting Entities

17/12/2024

AUSTRAC said wider board involvement is needed on ML/TF matters and firms should use tailored rules and triggers to prioritise high-risk investigations.

Payments & Settlements

Cambodia, Vietnam Launch Cross-Border QR Payments Linkage

16/12/2024

The linkage allows Vietnamese and Cambodian visitors scan QR codes to make payments at merchants in each other’s countries.

Fraud, Scams & Cybercrime

ASIC Sues HSBC for Failing to Protect Customers from Scams

16/12/2024

ASIC says HSBC contravened the Corporations Act and Credit Act and caused customers to lose A$23mn from unauthorised payments.

Trading & Investment

HKEX Introduces Fund Repository on Integrated Fund Platform

13/12/2024

HKEX said the Fund Repository will provide investors access to information on over 2,000 SFC-authorised funds.

Capital Adequacy

RBNZ Amends Interim Solvency Standard for Insurers

13/12/2024

The RBNZ says the amendments will ensure sufficient capital is set aside against pricing risks as well as credit risk on bonds.

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.