Fraud, Scams & Cybercrime

Australia’s New Anti-Scam Centre Holds First Advisory Board Meeting

24/07/2023

The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.

Operational Risk

APRA Finalises Guidance on Super Fund Investment Governance

23/07/2023

The guidance covers liquidity management, stress testing, valuation practices, and ESG expectations.

Structural Regulation

Former CBIRC Branches Rebrand Under New NFRA Umbrella

23/07/2023

A more detailed reform plan outlining the NFRA’s institutional structure, personnel and responsibilities is expected by end August.

Stablecoins

Myanmar’s Opposition Government Launches Neobank

23/07/2023

Users of ‘Spring Development Bank’ will be able to deposit foreign currency and receive USDT, which can also be exchanged for MMK.

KYC & CDD

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

Fraud, Scams & Cybercrime

SSE, SZSE Introduce Ratings System for IPO Sponsors

22/07/2023

China’s primary exchanges adopt performance ratings for sponsors to combat fraud, enhancing capital market integrity and investor confidence.

Anti-Money Laundering

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

Payments & Settlements

Alipay, WeChat Pay Start Accepting Foreign Credit Cards

21/07/2023

The move allowed travellers to pay for goods and services across China, where mobile payments are needed for most basic necessities.

CBDCs

BOJ Holds First Meeting of Expert Panel on CBDCs

21/07/2023

The first meeting of the CBDC Forum was held on Thursday, including participation from about 60 private business operators.