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AML / KYC
CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape
By Editors | 18/04/2022
“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.
AML / KYC
NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
By Editors | 18/04/2022
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.
AML / KYC
FinCEN Issues Guidance on Detecting Foreign Public Corruption
By Editors | 17/04/2022
The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
Securities / Derivatives
US SEC Proposes Registration Requirement for Security-Based SEFs
By Mark Johnston | 16/04/2022
The rules will improve transparency over total return swaps, the instruments partly responsible for last year’s blowup at Archegos Capital Management.
Fintech / Regtech
Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps
By Editors | 14/04/2022
Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.
Crypto / Digital Assets
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
Fintech / Regtech
DTCC to Explore Use of CBDC in Clearing and Settlement
By Sanday Chongo Kabange | 14/04/2022
Project Lithium will explore how a CBDC can reduce counterparty risk and trapped liquidity, increase capital efficiency and enable atomic settlement.
AML / KYC
Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto
By Editors | 14/04/2022
The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.
Securities / Derivatives
CSRC Accelerates Work to Update Rules for Overseas Listings
By Darien Choong | 13/04/2022
To enable US regulators to participate in domestic on-site inspections, CSRC chairman Yi Huiman said China may need to become a signatory to IOSCO’s EMMoU.
ESG / Sustainability
Thai SEC Finalises Disclosure Guidelines for SRI Funds
By Editors | 12/04/2022
The guidelines will promote transparency, enable investors to make more informed decisions, and reduce the risk of greenwashing, the SEC says.
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