Operational Risk

APRA Ends Westpac Probe into Possible Banking Law Breaches

14/03/2021

The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.

Payments & Settlements

Bangladesh Cabinet Approves Bill on Payments Supervision

13/03/2021

The bill is aimed at providing additional safeguards against fraud, allowing Bangladesh Bank to monitor all electronic payments and penalise violations.

Structural Regulation

Thailand to Launch Standard Form for Capital Market Access

13/03/2021

From 1 July, all intermediaries will use a standard form for account opening, providing investors easier access to stocks, debt instruments, mutual funds and derivatives.

KYC & CDD

SEBI Rolls Out KYC Registry Extension to Legal Entities

13/03/2021

Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.

Payments & Settlements

Philippine SEC Launches New Online Payments System

13/03/2021

The ‘SEC Payment Portal’ allows for the payment of registration fees, penalties and other fees using  other cashless payment options.

Anti-Money Laundering

Bangladesh Officials Confirm Use of Bitcoin to Finance Terrorism

13/03/2021

Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.

Conduct, Culture & Accountability

NZ Court Fines ANZ Over Credit Card Repayment Insurance

13/03/2021

The judge said ANZ should have been “sufficiently robust” in its ability to detect issues early, given its size, resources and position in New Zealand’s market.

PEPs & Sanctions

OFAC Sanctions Adult Children of Myanmar Military Leader

11/03/2021

The two adult children of the commander-in-chief of Myanmar’s military, Min Aung Hlaing, and six of their companies, have been designated by OFAC.

Cloud & Infrastructure

GLEIF to Accelerate the LEI Integration in Digital Certificates

11/03/2021

GLEIF will work with Certification Authorities and Trust Service Providers to develop and promote best practices for the use of LEIs in digital certificates.