AML / KYC

Thailand to Tighten Crypto Exchange Account Opening Rules

05/05/2021

Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.

Big Picture

RBNZ to Consider Further Calibration of LVR Restrictions

05/05/2021

The RBNZ may further tighten mortgage lending to guard against financial stability risks through adjustments to LVR restrictions.

AML / KYC

Ex-Netflix VP Convicted of Money Laundering, Fraud

05/05/2021

The executive approved millions of dollars in contracts for Netflix to purchase IT products and services in exchange for kickbacks.

Crypto / Digital Assets

UPDATED – BaFin Says Binance Stock Tokens Violate Securities Laws

05/05/2021

The tokens require the publishing of a prospectus, “minimum information required by law” for the sale of an investment product.

Fintech / Regtech

Digital Dollar Project Prepares to Launch CBDC Pilot Tests

04/05/2021

The DDP will launch five pilot programs over the next 12 months to measure the value of and inform the future design of a US CBDC.

AML / KYC

BaFin Orders Deutsche Bank to Further Enhance AML Controls

04/05/2021

Deutsche Bank is asked to further bolster safeguards against financial crime, including in its correspondent banking relationships and transaction monitoring.

Big Picture

IMF Offers Guidance to Central Banks on Fintech, Cybersecurity

04/05/2021

The surge of technological innovation and related cybersecurity issues strengthen the need for enhanced risk management at central banks, the IMF says.

Fintech / Regtech

EIB Issues First Digital Bond on Public Blockchain

04/05/2021

The digital bond issuance was carried out using a distributed ledger for registration and a CBDC for settlement.

Securities / Derivatives

FCA Proposes Rule Changes to Encourage SPAC Listings

03/05/2021

The FCA proposes to exempt SPACs that identify an acquisition target from being suspended, if they have certain investor protections in place.