Fraud, Scams & Cybercrime

Korea to Address Phishing Scams Targeting Crypto Assets

01/03/2023

Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.

Anti-Bribery & Corruption

Abu Dhabi State Funds to Pay $1.8b Settlement to 1MDB

01/03/2023

Executives at the two Abu Dhabi funds facilitated the theft of billions of dollars from 1MDB. The settlement ends proceedings in the UK.

Custody & Infrastructure

AIMA Publishes New Due Diligence Questionnaires for Digital Assets

01/03/2023

The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.

Market Data & Technology

ANNA Completes Implementation of Revised ISO Standard for ISINs

01/03/2023

National Numbering Agencies must now formally report LEIs, CFIs and FISNs to the ANNA Service Bureau, which will increase data coverage and quality.

Trading & Investment

IDX Seeks to Secure Dual-Listing Arrangement with HKEX

01/03/2023

IDX is seeking a mechanism to allow Indonesian start-ups, state-owned enterprises, and index ETFs to list in Hong Kong.

Trading & Investment

LSEG, SZSE Agree to Collaborate on Capital Markets Development

01/03/2023

LSEG and SZSE will collaborate on product innovation, depository receipts, and index development, among other areas.

KYC & CDD

SEBI Revisits Plans to Create Database of FPI Beneficial Owners

01/03/2023

SEBI is considering requiring depositories, depository participants, and custodians to feed beneficial ownership information into a central database.

Cryptocurrency

SFC Authorises HashKey to Conduct OTC Crypto Trades

01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

AI Risk & Governance

US Banks Impose Restrictions on Use of ChatGPT

01/03/2023

JPMorgan, Citigroup, Goldman Sachs, Deutsche Bank, Wells Fargo and Bank of America are among those reported to have imposed restrictions.