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LATEST NEWS
AML / KYC
Malaysia Sees 5x Increase in Online Financial Scam Reports
By Ranamita Chakraborty | 22/03/2024
BNM is working with the financial sector and law enforcement on improving fund tracing, disrupting fraudulent fund flows, and raising awareness.
Enforcement
London Court Convicts Chinese Woman in Bitcoin Laundering Case
By Mark Johnston | 22/03/2024
A London court has found a 42-year-old woman guilty of laundering bitcoin linked to an alleged $6.3bn investment fraud.
Securities / Derivatives
SEBI Relaxes Additional Disclosure Requirements for FPIs
By Ajoy K Das | 22/03/2024
FPIs with over 50% of their Indian equity AUM in a corporate group will be exempted from the additional disclosures, subject to conditions.
Crypto / Digital Assets
US SEC Seeking Information About Ethereum Foundation – Reports
By Editors | 22/03/2024
The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.
AML / KYC
Australia: Queensland Passes New Law to Curb Money Laundering at Casinos
By Sanday Chongo Kabange | 22/03/2024
Casinos will be restricted from accepting more than a prescribed amount of cash from a person for gambling related transactions in a 24-hour period.
Capital / Liquidity
China Tightens Rules for Consumer Finance Companies
By Editors | 22/03/2024
The minimum registered capital is more than tripled to CNY 1 billion, and the major investors must have at least a 50% equity stake, compared to 30% previously.
Fintech / Regtech
Vietnam Central Bank Proposes to Introduce Regulatory Sandbox
By Sanday Chongo Kabange | 22/03/2024
The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.
Sanctions
US, Türkiye Agree on New ‘Sanctions Compliance Scheme’
By Editors | 22/03/2024
Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.
Sanctions
More Chinese Banks Stop Accepting Russian Payments – Reports
By Editors | 22/03/2024
Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.
Hong Kong to Raise Bank Licence Fees Nearly 30%
By Manesh Samtani | 22/03/2024
An HKMA review concluded that the proposed increase in fees should be “manageable” for affected financial institutions.
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