Credit Risk

IA, HKMA Start New Inspections on Use of Premium Financing

07/12/2023

The IA and HKMA will assess compliance with new standards on the use of premium financing for life policies.

Fraud, Scams & Cybercrime

HK SFC Adds Two New Suspicious VATPs on Alert List

07/12/2023

The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.

Anti-Money Laundering

FSC Korea Sanctions NH Futures Over Illegal FX Transactions

06/12/2023

The FSC has suspended NH Futures’ foreign exchange operations from 4 December 2023 to 9 May 2024.

Trading & Investment

ASIC Warns Online Trading Providers Over Risky Offers

06/12/2023

ASIC found that some online trading providers unfairly influenced consumer decisions and made misleading disclosures during the Covid-19 pandemic.

Trading & Investment

SGX Sets Out Listing Requirements for Active ETFs

06/12/2023

Active ETF managers must publish indicative NAV throughout the trading day, disclose NAV daily, and publish fund performance and portfolio holdings monthly.

KYC & CDD

SFC Fines Ruifeng Securities for Fund Management Failures

05/12/2023

The penalty was imposed for failures related to fund management activities and account opening procedures.

Reporting & Disclosures

Bursa Malaysia Launches New ESG Reporting Platform

04/12/2023

Listed issuers can access the platform free of charge to generate performance tables that must be disclosed in their sustainability statements.

Fraud, Scams & Cybercrime

UK Secures Pledges from Global Tech Firms to Tackle Online Fraud

01/12/2023

Signatories pledge to block and remove fraudulent material from their platforms and services and to work closely with law enforcement.

Data Privacy

Legislation Introduced to Expand Australia’s Digital ID System

01/12/2023

The bill introduces a voluntary accreditation scheme for Digital ID service providers, and will allow myGovID to be used in the private sector.