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AML / KYC
Philippine May Pass Bank Secrecy Law Amendments Next Month
By Editors | 20/10/2022
The amendments will allow the BSP to look into deposit accounts for inquiries into fraud, serious irregularity, and unlawful activity.
Securities / Derivatives
CFTC Issues No-Action Relief for Korean Stock Indices
By Editors | 20/10/2022
The relief will continue until the affirmation, termination or denial of the request for CFTC certification, or 24 April 2023 – whichever is earlier.
Crypto / Digital Assets
US Regulators Probe Failed Crypto Firm Three Arrows Capital
By Editors | 19/10/2022
The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.
AML / KYC
Canada, Switzerland Sanction More Russians, EU Considers 9th Package
By Manesh Samtani | 19/10/2022
The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.
Enforcement
US FTC Expands Competition Probe Into Visa, Mastercard
By Editors | 18/10/2022
The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.
Securities / Derivatives
Philippine SEC Authorises Country’s First Corporate Debt Vehicle
By Editors | 17/10/2022
The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.
AML / KYC
Thailand Creates Working Group to Tackle Social Media Scams
By Editors | 16/10/2022
Facebook accounts will be tracked and websites will be blocked if they are found to be promoting fraudulent investment schemes or raising funds illegally.
Fintech / Regtech
Thai SEC Launches New E-Licensing Services Pilot
By Editors | 15/10/2022
The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.
Crypto / Digital Assets
Tether Eliminates Commercial Paper from Stablecoin Reserves
By Manesh Samtani | 15/10/2022
“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Crypto / Digital Assets
Thai SEC Orders Bitkub to Fix Standards of Native Token
By Editors | 15/10/2022
The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.
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