Payments & Settlements

Thailand Eases Capital Controls to Stem Currency’s Rise

08/11/2019

Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.

Supervision & Enforcement

Former PBOC Official Under Probe for ‘Legal Violations’

08/11/2019

Reports indicate the investigation might be related to third-party payment licences issued by the central bank between 2011 and 2015.

Clearing & Post-Trade

China Extends Use of Bond Collateral to All Domestic Futures

08/11/2019

The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

Anti-Money Laundering

Malaysia Proposes Cash Payment Limit to Curb Financial Crime

08/11/2019

The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.

KYC & CDD

SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

08/11/2019

Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

Fraud, Scams & Cybercrime

Fintel Alliance Is Critical to Financial Crime Fight: AUSTRAC

07/11/2019

The Fintel Alliance reveals its operational results in its annual report. A second report sets out financial indicators to help FIs detect and report child sexual exploitation.

Trading & Investment

CSRC Plans Additional Reforms to Ease Access to STAR Market

07/11/2019

The reforms include the removal of first day trading limits and faster processing of applications from companies seeking a listing.

Tokenisation

MAS Approves Sandbox Launch of Blockchain Based Bond Exchange

07/11/2019

Singapore-based fintech BondEvalue will use a permissioned blockchain to enable electronical trading of bonds, in $1,000 denominations, with instant settlement and greater price transparency.

Conduct, Culture & Accountability

SFC Bans Former HSBC Relationship Manager for One Year

07/11/2019

The former relationship manager used incomplete application forms pre-signed by the client to effect unit trust transactions without specific authorisation.