Securities / Derivatives

CSRC Promises Increased Predictability of Policy Measures

04/08/2021

The CSRC says it will seek closer cooperation with the US SEC and enhance the transparency and predictability of policy measures.

AML / KYC

Bangladesh Bank Reiterates Ban on Cryptocurrency

04/08/2021

Bangladesh Bank sought to clarify its stance after reports emerged suggesting that crypto transactions are only illegal if they are linked to other crimes.

Fintech / Regtech

New BIS Paper Calls for Concrete Guidance on AI

04/08/2021

Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.

Crypto / Digital Assets

PBOC Sets Out Action Plan for Second Half of 2021

04/08/2021

Key focus areas include promoting a greener financing system, resolving major financial risks, promoting financial opening-up, and cracking down on crypto trading.

AML / KYC

Australian Mining Magnate Charged Over A$38.5m Tax Evasion

03/08/2021

The founder of a mining software and equipment company did not disclose overseas trust assets and evaded income tax over 15 years.

AML / KYC

Philippine AMLC Issues Guidance on TFS Delisting, Unfreezing Orders

02/08/2021

Designated persons shall apply to the AMLC for authorisation if they wish to deal with or access funds or assets that are frozen due to targeted financial sanctions.

Enforcement

CBIRC Fines Eight Lenders Over Property Loan Violations

02/08/2021

China Construction Bank received the biggest penalty of CNY 6.1 million. ICBC and Agricultural Bank of China were fined CNY 1.5 million each.

Sanctions

State Street Updates TraHK Prospectus as US Sanctions Take Effect

01/08/2021

In an addendum, State Street says TraHK units will not be offered or sold in the US or to US persons located outside the US.

Fintech / Regtech

BOT Issues Guidance on Blockchain Adoption in Financial Services

01/08/2021

The guideline covers blockchain application in financial businesses, project governance, security standards, and risk management, among other areas.