Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers' financial planning needs, the FSC said.
August 11, 2022China's National Audit Office has been reviewing the books of at least 20 trust firms. The CBIRC is strengthening its risk monitoring.
August 10, 2022The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.
July 1, 2022FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.
June 20, 2022The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.
June 1, 2022The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022The CSRC pledged to support companies' capital raising efforts, encourage asset managers to buy up equities, and encourage listed companies to buy back shares and raise dividends.
April 12, 2022The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.
March 19, 2022The rules set out requirements for 'guarantee funds' and 'liquidity mutual aid funds' to help the trust industry manage risk.
February 18, 2022Vistra failed to identify certain higher risk accounts and to subject these accounts to EDD measures, both during account acquisition as well as on an ongoing basis.
January 21, 2022