PEPs & Sanctions

US Issues Sanctions Over DPRK Ballistic Missile Launches

18/01/2022

The sanctions target six North Koreans, one Russian and a Russian firm were responsible for procuring goods for North Korean weapons programmes.

Tokenisation

MAS Grants RMO Licence to Digital Asset Platform ECXX

17/01/2022

ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

Market Data & Technology

HKEX to Roll Out New Electronic Communication Platform

17/01/2022

The new platform will be rolled out in phases starting in early Q1, improving usability and paving the way for new functionalities to be added, HKEX says.

Data Privacy

PBOC Fines BEA China Unit Over Data Collection Violation

17/01/2022

Reports say other fines may be made public in the near future for violations of new rules that prohibit the over-collection and misuse of credit information.

Cybersecurity

CSRC Issues Testing Standards for Securities, Futures Apps

17/01/2022

The standards set out the requirements for testing the security of mobile internet applications used in the securities and futures industry.

Credit Risk

China Banks Restrict Lending to Local Govt Financing Vehicles

17/01/2022

Banks are trying to balance risks associated with the property sector against expectations from regulators that they finance acquisitions of real estate projects.

Anti-Money Laundering

HKMA Fines Prepaid Card Issuer 33FS for AML/CTF Deficiencies

17/01/2022

The case involved control deficiencies in respect of 33 Financial Services Limited’s transaction monitoring and name screening systems, the HKMA said.

Anti-Bribery & Corruption

China Anti Graft Probe Ensnares China Life Chairman

16/01/2022

The probe is rumoured to be linked to Hu Huaibang, the former chairman of China Development Bank who was sentenced to life in prison in January 2021 on corruption charges.

Structural Regulation

PBOC to Grant Local Authorities Greater Role in Financial Supervision

16/01/2022

New draft regulations open for consultation will strengthen the supervisory and risk disposal responsibilities of local governments within their territories.