Anti-Money Laundering

FATF Publishes Third Enhanced Follow-up Report on Australia

09/11/2018

Australia has been re-rated on 7 of the 40 FATF Recommendations, reflecting the country’s progress to strengthen AML/CFT measures since its 2015 mutual evaluation.

Anti-Bribery & Corruption

China to Station Anti-Graft Officials at State Banks, Insurers

09/11/2018

China is planning to install anti-graft officials at some of the largest state-owned financial institutions in the country, according to an SCMP report.

Trading & Investment

S. Korea FSC Chair Proposes Abolishing Securities Transaction Tax

08/11/2018

The KOSPI has fallen nearly 20% from this year’s peak, prompting FSC chairman Choi Jong-ku to propose that lawmakers abolish the securities transaction tax.

Resolution & Recovery

PBOC Seeks Acceleration of TLAC Implementation at China’s G-SIBs

08/11/2018

The central bank said China might implement the TLAC framework earlier than 2025 because the country’s ratio of credit bonds to GDP may exceed the 55% trigger set by the FSB.

Trading & Investment

CSRC Addresses Lengthy Stock Suspensions in New Guidance

07/11/2018

China’s listed companies have historically used trading halts to prevent stock price declines during market stress, preventing investors from selling for long periods of time.

Fraud, Scams & Cybercrime

Thailand to Combat Tax Evasion with Blockchain, Machine Learning

07/11/2018

Thailand will use blockchain and machine learning to crack down on tax evasion, according to director-general of the tax department, Ekniti Nitithanprapas.

Cybersecurity

APRA Finalises Standards on Information Security Management

07/11/2018

The prudential standard is aimed at boosting the resilience of APRA-regulated entities and ensuring their ability to respond to breaches swiftly and effectively.

Market Abuse

S. Korea Probes JPMorgan, Citibank in Unresolved Rate Rigging Cases

06/11/2018

JPMorgan and Citibank are still being investigated in an ongoing price manipulation probe by the Fair Trade Commission and FSS which dates back to 2011, reports local media.

Cryptocurrency

Malaysia Budget 2019 Targets Tech in Capital Market Measures

05/11/2018

Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.