Supervision & Enforcement

FATF Suspends Russia’s Membership Over Ukraine War

25/02/2023

Russia’s actions “unacceptably run counter” to the FATF core principles aiming to promote security, safety, and the integrity of the global financial system.

Trading & Investment

LME to Resume Nickel Trading in Asian Hours on 20 March

25/02/2023

The LME hopes the resumption of trading during Asian market hours will “further contribute to liquidity rebuilding in the nickel market.”

Cryptocurrency

FTX Japan Processes $50m in Withdrawals on Day One of Reopening

25/02/2023

Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

Trading & Investment

SEBI Proposes New Rules to Protect REIT, InvIT Investors

24/02/2023

SEBI proposes to require at least one sponsor to hold units throughout the life of a REIT/InvITs, to align their interests with other unitholders.

Fraud, Scams & Cybercrime

US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme

24/02/2023

The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.

Liquidity Risk

US Regulators Warn of Liquidity Risks Tied to Crypto Assets

24/02/2023

US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]

Supervision & Enforcement

MAS Seeks to Ramp Up Hiring for Enforcement Department

24/02/2023

MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.

KYC & CDD

BNM Issues Draft Rules on Using e-KYC Solutions for Onboarding

24/02/2023

BNM encourages the use of e-KYC solutions that leverage AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification.

Payments & Settlements

FSB, CPMI Seek Nominations for Cross-border Payments Task Forces

24/02/2023

The FSB and CPMI are inviting firms to nominate senior representatives to two separate task forces that will focus on enhancing cross-border payments.