Cryptocurrency

RBI Asks Banks to Cut Ties With Cryptocurrency Exchanges

17/05/2021

The unofficial guidance comes as Indian lawmakers look to introduce a ban on cryptocurrencies and penalise anyone dealing in them.

Anti-Bribery & Corruption

China: Ex-Banking Regulator Admits to Taking Bribes

17/05/2021

The former head of the CBRC’s Inner Mongolia branch is linked to Baoshang Bank, a local lender that was taken over by the state in 2019.

Cryptocurrency

BOK Seeks Authority to Monitor Crypto Transactions – Report

15/05/2021

The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.

CBDCs

HKMA, PBOC In Talks on Next Phase of Digital Yuan Tests

15/05/2021

The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.

Anti-Money Laundering

Pakistan to Pass Two New Laws to Meet FATF Action Plan

15/05/2021

The laws cover the handling of forfeited properties and assets, and the transfer of money laundering cases to specialised agencies.

CBDCs

SWIFT, Accenture Explore Real-world Implications of CBDCs

13/05/2021

SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.

Credit Risk

CBIRC Offers New Model for Trust Firms to Dispose of Bad Assets

13/05/2021

Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.

Anti-Money Laundering

Philippine SEC Rates Securities Sector for Money Laundering

12/05/2021

The SEC found that investment houses and underwriters presented ‘medium-high’ risk, compared to ‘medium’ risk for the securities sector overall.

Cryptocurrency

Korean Lawmakers Push for Tougher Crypto Legislation

11/05/2021

Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.