KYC & CDD

SEBI Mandates LEI for All Non-Individual FPIs

27/07/2023

SEBI is requiring foreign portfolio investors to include their LEI in registration and account opening forms.

Structural Regulation

Monitoring Group Progresses Work to Enhance Standard-Setting System

27/07/2023

Monitoring Group comments on key advances in enhancing standards on international audit, assurance, ethics, and independence.

Climate Risk

Climate-related Litigation More Than Doubles in Five Years

27/07/2023

Approximately 2,180 climate-related lawsuits were filed in 2022, compared to just 884 cases recorded in 2017.

Cryptocurrency

US Govt Accountability Office Calls for Federal Oversight of Crypto Sector

27/07/2023

GAO report reveals significant regulatory gaps in crypto asset oversight, recommending comprehensive federal intervention to mitigate blockchain-related risks.

Data Privacy

Australia Fines Meta A$20m Over Misleading Data Usage Practices

27/07/2023

Australian Federal Court ordered Meta’s subsidiaries to pay AUD 20 million over deceptive consumer data usage, impacting over 270,000 users.

PEPs & Sanctions

US Agencies Call on Firms to Self-Disclose Sanctions Violations

27/07/2023

Self-reporting of sanctions and export controls violations make companies potentially eligible for “significant mitigation”.

Trading & Investment

China NDRC Outlines New Measures to Stimulate Private Investment

27/07/2023

The NDRC aims to promote private investment by clarifying objectives, targeting key sectors, and improving guarantee mechanisms.

KYC & CDD

Australia: National Digital ID System Could Launch Within 12 Months

27/07/2023

Australia’s national digital ID system to revolutionise identity verification, streamline processes and enhance security.

Anti-Money Laundering

UK and Australia Illicit Financing Co-ordination Dialogue

27/07/2023

High-level dialogue between UK and Australia reaffirms commitment to combat illicit financing and corruption.