Anti-Money Laundering

HK Customs Arrests Four for Laundering Funds Using Tether

19/07/2021

The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.

Cryptocurrency

BOT Warns Against Using Crypto As Means of Payment

18/07/2021

If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.

CBDCs

Vietnam to Explore Creation of Digital Currency

18/07/2021

Vietnam’s strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.

Trading & Investment

ESMA Outlines Disclosure Expectations for SPACs

18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

Sustainable Finance

China Commences Trading on Newly Launched Carbon Market

17/07/2021

Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.

Market Abuse

NAFMII Reprimands Bond Market Makers Over Round-trip Trades

17/07/2021

NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.

Data Privacy

S. Korea: MyData Launch to be Delayed for More Testing

17/07/2021

The Covid-19 pandemic and a lack of IT engineers are said to be stalling system development and API testing.

Conduct, Culture & Accountability

Bangladesh Probes Loss-making State Banks Over Large Bonuses

16/07/2021

Under existing rules, employees should not receive incentive bonuses from state-owned commercial banks if they fail to make a profit.

Structural Regulation

FSC Korea to Delay Implementation of New Audit Requirement

16/07/2021

The FSC will postpone for one year the requirement for stock companies’ consolidated internal accounting control systems to undergo an external audit.