CBDCs

MAS Launches New Initiative to Advance Cross-Border CBDC Work

04/11/2022

Under the ‘Ubin+’ initiative, MAS will develop technical standards, infrastructure, and policy guidelines to support atomic settlement of FX transactions using CBDCs.

KYC & CDD

NZ DIA Updates CCD Guidance to Address Nominee Structures

01/11/2022

Reporting entities “must” take reasonable steps to verify the existence and name of any nominee director, shareholder or general partner at onboarding.

Sustainable Finance

HKEX Launches Carbon Market to Support Net Zero Transition

30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.

Trade Based Money Laundering

AUSTRAC Issues New Guidance on Preventing TBML

28/10/2022

The guidance describes the most common TBML methodologies and provides indicators and behaviours to help financial service providers detect and report suspicious activity.

Conduct, Culture & Accountability

HKEX Issues New Guidance Note, Revises Sanctions Statement

27/10/2022

Parties are expected to cooperate with HKEX during its investigations and disciplinary actions, the new Guidance Note on Cooperation says.

Conduct, Culture & Accountability

UK Regulator Directs CRAs to Fix Governance Gaps

26/10/2022

Credit rating agencies have until 30 January 2023 to submit action plans to the FCA on how they will rectify governance issues.

Emerging Prudential Risks

APRA to Review Prudential Framework for Financial Groups

25/10/2022

APRA will seek industry feedback in H1 2023 on five topics related to groups: financial resilience, governance, risk management, resolution, and competition issues.

Data Privacy

HKMA Officially Launches Commercial Data Interchange

24/10/2022

The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.

Cryptocurrency

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.