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    Uncategorised

    HK SFC Adds Two New Suspicious VATPs on Alert List

    By Sanday Chongo Kabange | 07/12/2023

    The SFC has warned the public to be wary of two suspicious VATPs – HongKongDAO and BitCuped – and asked the police to block them.

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    AML / KYC

    MAS Consults on Scope of Customers Relevant to COSMIC

    By Manesh Samtani | 07/12/2023

    Any person who requests the bank in Singapore to carry out a transaction would be in scope, whether or not an account has been opened or the transaction is carried out.

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    ESG / Sustainability

    IFRS Foundation Offers Three New Commitments

    By Manesh Samtani | 07/12/2023

    Chair of the IFRS Foundation Trustees, Erkki Liikanen, declared each of the commitments given two years ago “fulfilled”.

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    ESG / Sustainability

    EMDE Body on Sustainable Finance Unveiled by China’s IFS

    By Editors | 07/12/2023

    The new body’s initial 42 members include HSBC, Standard Chartered Bank, Silk Road Fund and the CFA Institute.

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    Crypto / Digital Assets

    Korea & Italy to Cooperate on RTGS Systems & CBDC

    By Editors | 07/12/2023

    Bank of Korea and Bank of Italy will share skills and knowledge and cooperate on technologies that support RTGS systems and CBDC.

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    Crypto / Digital Assets

    SocGen Becomes First Major Bank to List Stablecoin

    By Editors | 07/12/2023

    The euro-pegged stablecoin was listed on crypto exchange Bitstamp, which has licences in Luxembourg and France.

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    Sanctions

    Chinese Firms Targeted in Latest Round of UK Russia Sanctions

    By Editors | 07/12/2023

    UK sanctions 46 individuals and entities, including companies in Belarus, China, Serbia, Turkey the UAE, and Uzbekistan, with links to Russian military sales.

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    Sanctions

    US Targets President’s “Wallets” in Latest Belarus Sanctions

    By Editors | 07/12/2023

    OFAC sanctions 11 entities and seven individuals accused of supporting Belarusian President Alyaksandr Lukashenka and Russia’s war effort.

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    AML / KYC

    Canada’s FINTRAC Fines RBC for STR Filing Failures

    By Editors | 06/12/2023

    RBC failed to submit STRs in some cases, submitted some STRs incorrectly, and did not keep written policies and procedures up-to-date.

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    Securities / Derivatives

    Japan Brokers Face Fresh Credit Suisse related Lawsuits

    By Editors | 06/12/2023

    SBI Securities, Rakuten Securities and Monex Securities are accused of not fully explaining the characteristics and risks of Credit Suisse’s ATI debt.

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