Enforcement

SFC Bans Ex Employee of OCBC Wing Hang Bank

13/12/2023

The employee was earlier convicted for offering a colleague a bribe to refer mortgage refinancing clients to an external party.

AML / KYC

CBA, Vodafone Announce Scam Intelligence Sharing Partnership

13/12/2023

CBA and Vodafone are sharing intelligence on SMS scams to help disrupt, detect and block fraudulent payments.

Fintech / Regtech

BSP Extends Moratorium on New E-Money Licences

13/12/2023

The BSP has extended its moratorium on applications for new non-bank e-money issuers until 15 December 2024.

ESG / Sustainability

ACCC Issues Finalised Guidance on Greenwashing

13/12/2023

The guidance comprises eight principles to help businesses ensure their environmental and sustainability claims comply with the law.

Capital / Liquidity

APRA Advances Proposals on Interest Rate Risk Management

13/12/2023

APRA updated its revisions to APS 117 based on consultative feedback and is now consulting on changes that are relevant to smaller banks.

Enforcement

Australia to Increase Tax Practitioners Board’s Enforcement Powers

12/12/2023

New consultations propose to strengthen the Tax Practitioners Board’s sanctions regime and expand its Code of Professional Conduct.

Enforcement

APRA Identifies Defective Cyber Controls at NGS Super

08/12/2023

APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.

Market Infrastructure

Hong Kong IA Consults on Subsidiary Rules for Risk-based Capital Regime

08/12/2023

The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.

HKAB, DTCA Issue Revised Banking Code of Practice

08/12/2023

Banks are expected to achieve full compliance with the new Code within 6 months. More time is given for provisions involving complex system changes.