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Supervision & Enforcement
PBOC Official Calls Out ‘Illegal’ Foreign Investment Channels
By Darien Choong | 13/02/2022
The PBOC’s Sun Tianqi has warned domestic securities firms against using their offshore units to facilitate cross-border securities trading.
Conduct, Culture & Accountability
SEBI Directs Fund Managers to Constitute Audit Committees
By Sanday Chongo Kabange | 12/02/2022
AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.
Anti-Money Laundering
In Conversation With Nathan Newman, AUSTRAC
By Bradley Maclean | 11/02/2022
Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.
Anti-Money Laundering
HK Gov Issues Discussion Paper on Proposed VASP Regime
By Manesh Samtani | 11/02/2022
Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.
Cloud & Infrastructure
China to Digitise Bank Confirmation Services in New Pilot
By Darien Choong | 11/02/2022
The participants of the pilot programme include 32 listed companies, 7 accounting firms, 7 banks, and 1 third-party digital platform provider.
Market Abuse
Wash Trading Undermines Trust in NFT Markets: Report
By Manesh Samtani | 10/02/2022
Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.
Anti-Money Laundering
US DOJ Makes Largest Ever Cryptocurrency Seizure
By Sanday Chongo Kabange | 10/02/2022
The DOJ seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex hack, representing the largest financial seizure in its history.
Anti-Money Laundering
PBOC Fines MYbank for AML and Other Violations
By Editors | 10/02/2022
MYbank failed to perform customer identification obligations, preserve identity information and transaction records, and report suspicious transactions.
CBDCs
RBNZ to Commence Design Work on CBDC Proof of Concept
By Mark Johnston | 10/02/2022
Governor Adrian Orr said falling behind other central banks is “not an option” and the RBNZ will soon begin POC design and testing for a CBDC.
Capital Adequacy
GHOS Reaffirms Commitment to Timely Basel III Implementation
By Manesh Samtani | 10/02/2022
The outstanding reforms will help to restore credibility in bank capital ratios, said Pablo Hernández de Cos, who has been reappointed as chair of the BCBS.
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