Payments & Settlements

RBA Consults on Options for Enhancing Debit Card Market

23/06/2023

The RBA seeks to prevent any one debit network from being given routing priority at issuance for domestic transactions.

Structural Regulation

FSC Korea Designates KOFIA as CD Rate Administrator

23/06/2023

With KOFIA designated as the administrator, the CD rate will begin to have legal effect as a critical benchmark rate starting on 2 October.

Fraud, Scams & Cybercrime

CFTC Files Charges in First Romance Scam Case Involving Crypto

22/06/2023

The CFTC says it is the first time it is handling a romance scam case involving digital asset commodities and forex.

Structural Regulation

Korea Set to Update Rules to Support Overseas Expansion by Financial Firms

22/06/2023

The FSC said its regulatory overhaul will make it easier for Korean financial firms to acquire, establish, invest in, and operate overseas subsidiaries.

Anti-Money Laundering

Indonesia OJK Issues New AML/CFT/CPF Regulations

22/06/2023

OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.

Trading & Investment

Korea Adopts Two Prong Approach to Boost Tech Listings

21/06/2023

Regulators will run a month-long roadshow promoting stock listings by tech firms, and work to enact further facilitative rule changes.

Market Abuse

SEBI Punishes 135 Entities Over Stock Manipulation Scheme

21/06/2023

SEBI fined 135 entities and barred them from accessing the securities market over a stock manipulation scheme.

Conduct, Culture & Accountability

Korea FTC Investigates Securities Firms for Price Fixing

21/06/2023

The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.

Anti-Money Laundering

EBA Calls Out Ineffective AML Risk Management in Payments Sector

21/06/2023

The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.