Crypto / Digital Assets

Japan Set to Relax Rules for Crypto Token Listings – Report

23/10/2022

Crypto tokens will reportedly be able to list within 30 days. Currently, the screening process for a new listing takes around six months to a year.

Fintech / Regtech

RBI Consults on New Master Directions on IT Governance

23/10/2022

Regulated entities will have to obtain source code from vendors for critical applications or ensure a software escrow agreement is in place.

South Korea to Overhaul Accounting Regulations

12/10/2022

The changes will ease the burden on SMEs, enhance executive responsibility over accounting controls, and triple whistleblower rewards.

AML / KYC

Singapore Punishes Ex-BSI Banker Over 1MDB Failings

11/10/2022

BSI Singapore’s former head of private banking contributed to the bank’s failure to file STRs for 1MDB-related transactions when there were reasonable grounds to do so.

AML / KYC

AUSTRAC Issues Guidance on SoF and SoW Checks

07/10/2022

When performing SoF and SoW checks, reporting entities must avoid the misconception that money coming from a bank can be presumed to be clean.

Market Infrastructure

Australia Mounts ‘Supercharged’ Response to Optus Breach

07/10/2022

“Operation Guardian” will protect those who had their data released online. Regulatory changes will enable better coordination to detect and mitigate cyber, fraud and scam risk.

ESG / Sustainability

MAS Launches ESG Impact Hub, New Advisory Panel

06/10/2022

At launch, 15 ESG fintechs and organisations are already set up at the Hub – including CDP, Climate Impact X, KPMG, MUFG, and STACS.

ESG / Sustainability

FMSB Publishes Spotlight Review on Voluntary Carbon Markets

02/10/2022

The spotlight review details the key challenges of VCMs and offers recommendations to help in their transition into a mature asset class.

Crypto / Digital Assets

IMF Calls for Global Coordination on Stablecoin Regulation

01/10/2022

In markets where risks are growing quickly, authorities should take immediate action, including by introducing targeted measures to “slow down stablecoin adoption”.