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.

PEPs & Sanctions

Ransomware Payments May Breach OFAC Regulations

03/10/2020

OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.

Conduct, Culture & Accountability

NZBA Issues Guidelines for Banks on Serving Customer Needs

02/10/2020

The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.

Cryptocurrency

BSP Set to Issue Revised Rules on Virtual Assets

30/09/2020

The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.

Structural Regulation

KRX Offers English Translation Service for Company Filings

29/09/2020

KRX says its investor base will expand by allowing foreigners improved accessibility to English language disclosures of listed companies.

Market Abuse

Two Ex-Deutsche Traders Convicted in Spoofing Case

29/09/2020

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.

Fraud, Scams & Cybercrime

Seoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail

29/09/2020

The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.