AML / KYC

China Set to Launch Voluntary National Digital ID System

01/06/2025

China is set to launch a new voluntary digital ID scheme in July, promising enhanced data security and online privacy.

Australian Super Funds Face Scrutiny Over Member Services

01/06/2025

Super funds are under pressure to improve member services, particularly in handling death benefit claims. Governance failures are a key concern.

Enforcement

SEBI Fines MCX for Late Disclosure of Technology Expenditure

01/06/2025

MCX paid significantly higher costs than anticipated to implement a new trading platform, but didn’t disclose the amounts paid in a timely manner.

Enforcement

China to Prosecute Former Chairman of Investor Services Centre

01/06/2025

Xia Jianting, former chairman of China Securities Investor Services Centre, had improper dealings with subjects of supervision and interfered in IPO reviews.

Enforcement

South Korea Intensifies Crackdown on Illegal Spam Texts

01/06/2025

The FSS, KISA and mobile carriers are ramping up efforts to combat spam texts, targeting illegal lending, threatening debt collection tactics and investment scams.

Japan Considers Goodwill Accounting Overhaul to Boost Startup Investment

01/06/2025

Japan considers ending mandatory goodwill amortisation to encourage startup acquisitions and align with global accounting norms.

Enforcement

ASIC Sues Former Blockchain Global Director Over ACX Exchange Collapse

01/06/2025

ASIC sues ex-Blockchain Global director over alleged mismanagement leading to ACX Exchange collapse and A$20mn in customer losses.

ESG / Sustainability

Climate Bonds Initiative Launches Framework for Food Value Chain

01/06/2025

New criteria target post-farm emissions, guiding investment in sustainable food systems beyond agricultural production.

Sanctions

US Tightens Export Curbs to China, Targeting Chip Design Software

31/05/2025

The US is restricting sales of semiconductor design software to China, suspending existing export licences and imposing additional licence requirements.