KYC & CDD

Bangladesh ACC Calls For Tighter KYC Rules for NBFIs

14/10/2020

The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.

Operational Risk

BSP Amends Operational Risk Guidelines to Include ‘People Risk’

13/10/2020

The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.

Cryptocurrency

UK FCA Bans Retail Sale Of Crypto Asset Derivatives

08/10/2020

The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.

Tokenisation

Thailand: SET to Establish Digital Asset Trading Platform

08/10/2020

The new platform will provide new fundraising channels for businesses and create opportunities for investors, as Thailand seeks to develop its digital economy.

Cybersecurity

Philippine DOF Push For Joint Cyber Defence Strategy

08/10/2020

State-run financial institutions, pension funds, insurance firms and other government agencies are instructed to establish shared cyber defence strategies.

CBDCs

PBOC Outlines Progress from Digital Yuan Pilot Tests

07/10/2020

Over 113,300 personal and 8,000 corporate digital wallets have been opened as part of the ongoing DC/EP tests, according to PBOC deputy governor Fan Yifei.

CBDCs

ECB Starts Preparing for Possible Digital Euro Issuance

06/10/2020

A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.

Trading & Investment

Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark

06/10/2020

The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.

Data Privacy

ACCC Expands Intermediary Access to CDR Ecosystem

04/10/2020

These amended rules will facilitate greater participation in the CDR by fintech firms and reduce the time and cost needed for accredited firms to enter the ecosystem.