Fintech / Regtech

Japan Report Calls for Urgent Action to Address Quantum Risks

30/11/2024

Japanese FIs should have quantum-resistant cryptographic algorithms within high-priority systems ready for use by the mid-2030s.

AML / KYC

Wise Tightens AML Compliance Following Regulatory Review in Europe

30/11/2024

The National Bank of Belgiumreportedly found in 2022 that Wise lacked proof of address for hundreds of thousands of customers.

AML / KYC

Australian Parliament Passes Historic AML/CTF Amendment Bill

29/11/2024

The bill extends AML/CTF obligations to lawyers, accountants, TCSPs, real estate professionals, and dealers in precious metals and stones.

Securities / Derivatives

Japan Strengthens Disclosure Rules for Strategic Shareholdings

29/11/2024

The new rule requires detailed disclosures for shares transitioned from strategic holdings to pure investment objectives.

Crypto / Digital Assets

CFTC Poised to Lead US Digital Asset Regulation Under Trump

29/11/2024

President-elect Donald Trump is expected to scale back the SEC role in favour of a more innovation-friendly regulatory framework led by the CFTC.

Big Picture

UK FCA Faces Criticism Over Consumer Protection Shortfalls

29/11/2024

A parliamentary group released a report based on testimony from 174 respondents collected over two and a half years.

FCA Revises Whistleblowing Policies Following Independent Review

28/11/2024

The updated policies clarify the channels available for raising concerns, extend applicability to former employees, and outline expectations during the grievance process.

AML / KYC

APG Typologies Report Shines Light on Misuse of Legal Persons

28/11/2024

The APG’s 2024 typologies report says legal persons including shell companies have emerged as primary vehicles misused by criminals.

Capital / Liquidity

APRA Establishes New “Specialist Geopolitical Risk Team”

28/11/2024

The “specialist geopolitical risk team” is collaborating with other regulators to examine how global shocks may reach Australia and impact the financial system.