United States

AML / KYC

UK, Canada Impose Sanctions Against Myanmar Officials

By Manesh Samtani | 21/02/2021

Human Rights Watch is calling for economic sanctions, travel bans and asset freezes for leaders of Myanmar’s military, military business conglomerates and the new governing body.

AML / KYC

OFAC Settles Sanctions Case Against Crypto Payments Processor BitPay

By Editors | 20/02/2021

BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.

ESG / Sustainability

Trade Bodies Set Out Framework for US Transition to Low-Carbon

By Editors | 18/02/2021

The framework sets out ten principles to inform the policymaking process and catalyse the transition to a more sustainable and inclusive low-carbon economy.

AML / KYC

BSP Adopts New AML/CFT Risk Assessment Framework

By Ranamita Chakraborty | 18/02/2021

The new framework will use a four-point rating scale to grade FIs based on their inherent risks, risk management capabilities and self-assessment systems.

US Court Rules Against Citigroup Over Revlon Error Payment

By Editors | 18/02/2021

The federal judge ruled that a group of asset managers are not required to return $501mn that Citigroup mistakenly paid early on behalf of Revlon last August.

Capital / Liquidity

Philippine President Duterte Signs ‘Bad Bank’ Bill Into Law

By Editors | 17/02/2021

The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.

Securities / Derivatives

SEC Thailand Consults on New Rules for Auditors, Audit Firms

By Sanday Chongo Kabange | 17/02/2021

The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.

Crypto / Digital Assets

SEC Thailand Targets Recovery Objective in New Strategic Plan

By Sanday Chongo Kabange | 16/02/2021

The plan includes a ‘recovery and strengthening’ objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

Securities / Derivatives

KRX to Ease Requirements for Listing on KOSPI

By Sanday Chongo Kabange | 12/02/2021

The new rules are expected to facilitate the realisation of the “Korean version of Tesla”, the US automaker which listed on the Nasdaq in 2010 based on market cap.