KYC & CDD

BNM Allows MSBs to Onboard Corporate Customers Remotely

12/07/2021

A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.

Credit Risk

Malaysia Provides Six Month Automatic Moratorium to Borrowers

11/07/2021

This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.

CBDCs

MAS, Banque de France Complete m-CBDC Experiment

11/07/2021

The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

Reporting & Disclosures

Taiwan FSC Tightens Rules for ESG-themed Funds

08/07/2021

Asset managers are required to set one sustainability goal and explain how their investments help achieve that goal.

Data Privacy

China to Tighten Oversight of Overseas Listings

08/07/2021

Chinese authorities will step up supervision of companies that list overseas to improve regulation of cross-border data flows and security.

CBDCs

RBNZ to Consult on Potential CBDC Issuance

08/07/2021

The RBNZ plans to consult on broad concepts of money and cash stewardship, the potential for a CBDC, and issues arising from crypto assets and stablecoins.

Fraud, Scams & Cybercrime

HKMA Launches Campaign to Raise Awareness of Phishing

08/07/2021

HKMA statistics show that phishing frauds in the first six months of 2021 were up 145% from the first half of 2020.

Market Abuse

ICAC, SFC Arrest Listed Company Exec in Joint Operation

08/07/2021

The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.

Trading & Investment

Sri Lanka Seeks Global Partner to Develop Exchange in Port City

08/07/2021

The Colombo Port City project is a joint venture between Sri Lanka and China to develop a service-oriented special economic zone.