LATEST NEWS

Fintech / Regtech

PBOC Releases Payment Services Guide for Foreign Visitors

By Editors | 14/03/2024

The guide introduces and provides instructions on a variety of payment methods available to foreigners in China.

Capital / Liquidity

ECB Announces Changes to Operational Framework

By Editors | 14/03/2024

The ECB will shrink its balance sheet, purge the system of excess liquidity, and incentivise banks to lend to each other.

Crypto / Digital Assets

Thai SEC to Allow Private Funds to Invest in Spot Crypto ETFs

By Editors | 14/03/2024

SEC Secretary General Pornanong Budsaratragoon said the funds can only be offered to institutional investors and ultra-high-net-worth investors.

Sanctions

US Extends Iran Sanctions Waiver Used by Iraq

By Editors | 14/03/2024

The waiver allows Iraq to pay Iran for electricity and natural gas imports into escrow accounts, where the funds can only be used for humanitarian supplies.

Capital / Liquidity

Bangladesh Introduces Strict Measures Targeting Wilful Defaulters

By Ajoy K Das | 14/03/2024

Wilful defaulters will not be allowed to travel, secure trade licences, register companies, or serve as a director of any financial institution.

Sanctions

EU Considers Sanctions Package Targeting Russia Facilitators

By Editors | 14/03/2024

The EU sanctions could target Belarus, North Korea, Iran and other third countries where entities enable Russian access to weapons and sensitive technology.

Securities / Derivatives

New Regulatory Framework for Index Providers Takes Effect in India

By Ajoy K Das | 14/03/2024

Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.

AML / KYC

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

Enforcement

APRA Removes NAB’s Capital Add-On for Operational Risk

By Sanday Chongo Kabange | 14/03/2024

APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.