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AML / KYC
Chinese Underground Banks Use Cartel Cash for TBML – Report
03/07/2025
A former senior DEA official has detailed a vast trade-based money laundering network linking Chinese investors, students, and the Sinaloa cartel.
Big Picture
North America’s T+1 Shift Squeezes APAC Trading Operations
03/07/2025
Report finds APAC firms face compressed timelines, significant foreign exchange risks, and the need for overnight operations.
Taiwan Extends Tax Breaks for Offshore Insurance to Boost Asset Hub Goal
03/07/2025
Key tax exemptions for offshore insurance units were extended to bolster Taiwan’s asset management hub ambitions.
Market Infrastructure
IAIS Publishes Draft Operational Resilience Framework for Insurers
02/07/2025
New paper details objectives and tools for insurers, focusing on governance, stress testing, and managing third-party risks.
Securities / Derivatives
Shanghai and Astana Exchanges Sign New Cooperation Pact
02/07/2025
The agreement aims to enhance cooperation in areas such as stock and debt product development and market promotion.
Enforcement
Korean Banks in Cambodia Accused of Predatory Lending
02/07/2025
A new report alleges predatory lending by Korean-owned banks in Cambodia is causing widespread debt, land loss and rights abuses.
Market Infrastructure
China Extends Tax Incentives for Foreign Firms to Bolster Investment
02/07/2025
China has extended a preferential tax policy for foreign firms that reinvest profits into the country, a move aimed at boosting investor confidence.
Capital / Liquidity
China Raises Capital Requirements for Consumer Finance Firms
02/07/2025
New rules for consumer finance companies raise minimum capital threefold and tighten risk management and consumer protection standards.
Taiwan to Impose Consumer Protection Rules on Major Non-bank Lenders
02/07/2025
The FSC will impose strict new conduct, disclosure, and debt collection rules on major finance and leasing companies.
Capital / Liquidity
FSC Korea Orders Sangsangin Plus Bank to Improve Management
02/07/2025
The action, the first of its kind since the 2011 crisis, comes as the bank’s delinquency rate tops 20%, more than double the industry average.
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