Anti-Money Laundering

Philippine Authorities Probe Financial Transactions Linked to Wirecard

11/11/2020

The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.

PEPs & Sanctions

US Sanctions Four More Officials Over Hong Kong National Security Law

10/11/2020

China’s Foreign Ministry says the move is a violation of the basic norms governing international relations, urging the US to withdraw the sanctions.

Conduct, Culture & Accountability

New Zealand FSC Publishes Disclosure Guide for Financial Advice Regime

10/11/2020

The ‘Disclosure Guide’ will help advisors comply with the changes to disclosure requirements under the new financial advice regime which comes into force on 15 March 2021.

Trading & Investment

TFEX to Launch New Silver, Rubber Futures Contracts

07/11/2020

A new cash-settled silver futures contract will launch on Monday. A Japanese rubber futures contract will launch by year-end.

Market Abuse

SC Malaysia Wins MYR 3.1m in Insider Trading Case

05/11/2020

The former senior partner of a law firm acquired shares in Worldwide Holdings in the months leading up to an announcement that the firm would be privatised.

Conduct, Culture & Accountability

PBOC Raises Bar for Executives of Financial Holding Companies

05/11/2020

Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.

Structural Regulation

SEBI Issues Due Diligence Guidelines for Debenture Trustees

05/11/2020

Debenture trustees will have to independently cerify an issuer’s assets and ensure they are adequate for a proposed issue of debt securities.

Cloud & Infrastructure

New Zealand FMA to Deepen Fintech, ESG Expertise

05/11/2020

The appointments reflect the FMA’s support for innovation in financial services and a commitment to supporting New Zealand’s transition to a greener financial system.

Market Risk

HKMC Extends Fixed-Rate Mortgage Pilot Scheme for One Year

04/11/2020

The scheme provides an alternative financing option for homebuyers to mitigate risks arising from interest rate volatility.