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AML / KYC
HK SFC Fined Firms $3.33mn in 1H16
By Samuel Riding | 09/12/2016
Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.
Market Infrastructure
China Launches Acceptance Bills Exchange
By Samuel Riding | 09/12/2016
New exchange aims to prevent fraud amidst PBOC concerns about ‘opaque information trading’.
Market Infrastructure
SGX Glitch Halts Derivatives Trading
By Samuel Riding | 09/12/2016
December Nikkei 225 Futures the largest contract hit by delay 5 months after main board malfunction.
Market Infrastructure
S.Korea Launches Blockchain Consortium
By Samuel Riding | 09/12/2016
Group aims to ‘maximise convenience, security and efficiency of financial transactions’.
Market Infrastructure
Tax Reform a Boon for Overseas Investors
By Samuel Riding | 09/12/2016
Simpler, more rational regime is increasingly conducive, EY partner Tejas Desai suggests.
Market Infrastructure
Thailand ‘Sandbox’ to Allow 3 Fintech Services
By Samuel Riding | 08/12/2016
Regulator to allow work on private funds, investment advice, clearing and settlement.
Crypto / Digital Assets
Vietnam to Start Regulating Bitcoin in 2018
By Samuel Riding | 08/12/2016
Project aims to formulate rules on managing and handling digital assets and currencies.
Market Infrastructure
ECB, BOJ Tie-up on Blockchain
By Samuel Riding | 08/12/2016
Central banks could start putting money into distributed ledger circulation.
Market Infrastructure
HK, UK Sign Fintech Agreement
By Samuel Riding | 07/12/2016
Regulators will collaborate on ‘experience sharing’, information exchange.
AML / KYC
Philippine Central Bank Pushes Reform of 23-Year-Old Charter
By Samuel Riding | 07/12/2016
Reform would see BSP receive more financial support to enhance regulatory and supervisory powers.
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