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KYC & CDD
BNM Discloses Penalties Against Six Financial Institutions
By Nithya Subramanian | 31/01/2025
BM penalised AmBank, Maybank, RHB Bank, Maybank Islamic Berhad, AmInvestment Bank, and Worldwide Superstar Money Changer.

CBDCs
Wholesale CBDCs More Likely to Gain Traction Than Retail CBDCs – Report
By Thisanka Siripala | 31/01/2025
Wholesale CBDCs are more likely to launch ahead of retail CBDCs on account of clearer efficiency gains and lower barriers to adoption.

Structural Regulation
SEBI Introduces Evaluation Mechanism for Committees of MIIs
By Nithya Subramanian | 30/01/2025
External agencies must evaluate the performance of the statutory committees every three years, and MIIs must conduct internal assessments annually

Conduct, Culture & Accountability
UK FCA Won’t Ban Bankers from Using WhatsApp
By Nithya Subramanian | 30/01/2025
FCA Chief Executive Nikhil Rathi said the regulator will work with firms on a case-by-case basis rather than implement a blanket ban

Trading & Investment
Korea Eases Access to Government Bonds for Foreign Investors
By Editors | 30/01/2025
The measures come ahead of the inclusion of South Korean government bonds in the WGBI, starting in November 2025.

Trading & Investment
CSRC to Promote Development of Index Investment Products
By Manesh Samtani | 30/01/2025
The CSRC will establish a fast-track registration mechanism for registering stock ETFs and expand cross-border ETF connectivity

Trading & Investment
China Grants Three Insurance Firms Approval for Stock Investments
By Manesh Samtani | 29/01/2025
The insurance firms received NFRA approval to participate in a pilot programme to invest CNY 52 billion in the stock market

Payments & Settlements
China UnionPay to Enable QR Payments Connectivity for Indonesia
By Editors | 29/01/2025
Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.

Structural Regulation
Philippine Sovereign Wealth Fund Set to Make First Investment
By Nithya Subramanian | 29/01/2025
The investment presents an opportunity for the government to gain greater influence over the nation’s critical power infrastructure, the President’s office said.

Fraud, Scams & Cybercrime
New Zealand Starts Publishing More Data on Banking Complaints
By Thisanka Siripala | 28/01/2025
Kiwibank had the highest number of total cases for the October to December quarter when adjusted for market cap
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