AML / KYC

Philippine Lawmaker Proposes Bill to Establish Anti-Scam Centre

27/02/2025

Senator Mark Villar said the proposed “Philippine Scam Prevention Center” will complement the recently enacted AFASA law.

ESG / Sustainability

Hong Kong Enhances ESG Disclosure Rules for MPF Funds

26/02/2025

MPF trustees are directed to review disclosures in MPF scheme brochures and make necessary updates and revisions by 30 September 2025.

Market Infrastructure

BSP Issues Guidance on Handling New Banknotes

26/02/2025

The BSP also directed banks to facilitate the removal of damaged banknotes and coins from circulation.

Enforcement

OAIC Accepts Oxfam Australia Enforceable Undertaking

26/02/2025

The enforceable undertaking requires Oxfam Australia to implement a range of measures designed to enhance personal data protection.

Hong Kong Gazettes Legal Notices for eMPF Platform Onboarding

26/02/2025

The legal notices serve to enforce the mandatory use of the eMPF Platform for three MPF schemes administered by Principal Trust Company (Asia) Limited.

Fintech / Regtech

BSP Issues Draft Rules for Digital Marketplace Operators

26/02/2025

The draft guidelines will allow banks and EMIs to offer their own products as well as those from third-party providers via a single “digital marketplace” platform.

Market Infrastructure

BSP Forms New Cyber Resilience Governance Council

25/02/2025

The council aims to foster a safe, secure, and resilient financial system by promoting strong cybersecurity practices, governance, and collaboration.

AML / KYC

Australia Court Orders Two Former Star Execs to Pay Fines

25/02/2025

The Federal Court imposed monetary penalties against the two former executives and temporary bans on managing corporations.

Market Infrastructure

ASIC Issues New Clearing and Settlement Rules for ASX

25/02/2025

ASX must ensure pricing of its clearing and settlement services is “transparent, fair and reasonable”, among other requirements.