BIG PICTURE

AML / KYC

Navigating High Financial Crime Compliance Costs in APAC

By Ranamita Chakraborty | 17/10/2023

APAC’s USD 45bn financial crime compliance costs are due to higher costs of regional manpower and technology expenses, according to LexisNexis Risk Solutions.

AML / KYC

Implementing AML Rules on Luxury Assets can be Challenging

By Nithya Subramanian | 17/10/2023

While banks may have to dedicate more resources to track financial violations, local dealers too will have to be vigilant, said Navin Naidu.

Crypto / Digital Assets

Singapore Builds Trust in Crypto with New Regulations

By Ranamita Chakraborty | 16/10/2023

Regulation Asia speaks to legal experts on what lies ahead for DPT service providers in Singapore as they navigate the evolving regulatory landscape.

Big Picture

REITs Connectivity Will Boost Mainland and Hong Kong: HKEX

By Sanday Chongo Kabange | 13/10/2023

Expanding market connectivity to include REITs will increase Hong Kong’s attractiveness and promote the internationalisation of the Mainland capital market.

Crypto / Digital Assets

ESMA Publishes Two Papers on DeFi Risks and Categorisation

By Mark Johnston | 13/10/2023

One paper analyses the main features, benefits and challenges of DeFi. The other proposes a methodology to classify smart contracts.

AML / KYC

ML/TF Risks Facing the Australian Legal Profession: Report

By Manesh Samtani | 11/10/2023

Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.

Big Picture

Banks Must Invest and Adapt to Changing Risks: Report

By Nithya Subramanian | 11/10/2023

As new technologies, players and risks emerge, global governments are broadening and deepening regulatory oversight, says a McKinsey report.

Big Picture

The Philippines Banks on Cloud Adoption for Operational Resilience

By Ranamita Chakraborty | 11/10/2023

BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.

ESG / Sustainability

ICMA Publishes Analysis of Greenwashing Risks

By Editors | 10/10/2023

ICMA says greenwashing is not prevalent in the sustainable bond market, but is an issue in the sustainable funds space.