Fraud, Scams & Cybercrime

HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020

21/02/2021

More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.

Market Data & Technology

ISO Standard Defining ISIN Updated to Expand Scope

21/02/2021

The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.

Structural Regulation

SEBI Board Meeting: A Preview of Things to Come

21/02/2021

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.

PEPs & Sanctions

OFAC Settles Sanctions Case Against Crypto Payments Processor BitPay

20/02/2021

BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.

Resolution & Recovery

FSC Korea to Enhance Recovery and Resolution Regimes of SIFIs

20/02/2021

SIFIs will have 3 months after designation to submit recovery plans to regulators. The FSC will have the authority to demand action from a SIFI in line with its recovery plan.

Structural Regulation

Australia Introduces ‘Your Future, Your Super’ Bill to Parliament

19/02/2021

Industry bodies ISA and AIST say the legislation doesn’t go far enough and are pushing for the legislation to be reviewed by a Senate Committee.

Anti-Money Laundering

FSC Korea Proposes Additional Rule Changes for VASPs

18/02/2021

The changes add to revisions proposed in November to align requirements for VASPs with the FATF recommendations.

Trading & Investment

Moscow Exchange Revises Trading Hours to Attract China Traders

18/02/2021

Russia’s main bourse will open three hours earlier to promote currencies and derivatives trading by Chinese market participants.

Sustainable Finance

Trade Bodies Set Out Framework for US Transition to Low-Carbon

18/02/2021

The framework sets out ten principles to inform the policymaking process and catalyse the transition to a more sustainable and inclusive low-carbon economy.