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AML / KYC
UN Official Calls for Removal of All Iran Sanctions
By Manesh Samtani | 14/09/2022
Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.
Securities / Derivatives
“No Consensus” on ESG Reporting Standards at Exchanges
By ESG Investor | 14/09/2022
The WFE said exchanges report increased demand from investors for ESG disclosures, but limited progress in providing common guidance on reporting standards.
Capital / Liquidity
GHOS Reaffirms Expectations on Full Basel III Implementation
By Editors | 13/09/2022
BCBS oversight body reaffirmed its expectations on Basel III and discussed BCBS work underway on climate and crypto risks.
Securities / Derivatives
Singapore Introduces Bill to Enhance Business Trust Governance
By Editors | 13/09/2022
CEOs will have to disclose interests in transactions. Unlisted business trusts will have to obtain and maintain information on beneficial ownership of their units.
Crypto / Digital Assets
US SEC to Establish New Office for Crypto-related Filings
By Manesh Samtani | 13/09/2022
In a recent speech, SEC chair Gary Gensler highlighted the need for better disclosures for crypto investors. He also said the “vast majority” of crypto tokens are securities.
Market Infrastructure
Australia Reintroduces Legislation for Financial Accountability Regime
By Editors | 13/09/2022
If the legislation passes, the FAR will apply to banks six months after commencement, and to insurance and superannuation 18 months after commencement.
Crypto / Digital Assets
SFC Allows HashKey to Manage Funds Comprising 100% Crypto
By Editors | 13/09/2022
HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations
Enforcement
Australia Tables Bill to Establish Compensation Scheme of Last Resort
By Manesh Samtani | 13/09/2022
Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.
AML / KYC
FATF, INTERPOL to Ramp Up Global Asset Recovery Efforts
By Editors | 13/09/2022
The FATF and INTERPOL will work to improve international efforts to freeze, seize and confiscate criminal assets including by enhancing cooperation frameworks and available tools.
Singapore BNPL Code On Track to Launch This Year
By Sanday Chongo Kabange | 13/09/2022
BNPL providers are exploring a mechanism to share information with one another on customers’ outstanding amounts and their delinquency status.
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