Anti-Money Laundering

New Report Identifies 11 Indicators of Modern Slavery Risk

22/02/2021

Based on an analysis of globally prosecuted cases of modern slavery, FairSupply Analytics has identified 11 indicators to help FIs detect modern slavery.

Cybersecurity

RBI Enhances Security Requirements for Digital Payment Apps

21/02/2021

The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.

Payments & Settlements

BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

21/02/2021

Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

Trading & Investment

China Considers Easing Restrictions on Offshore Investment

21/02/2021

Regulators will explore the feasibility of allowing individuals to use their annual foreign exchange quotas to invest in overseas markets.

AI Risk & Governance

80pc of Central Banks Use Big Data to Support Policy Efforts

21/02/2021

Many central banks have undertaken initiatives to develop big data platforms to facilitate storage and processing of large data sets, but progress has varied.

Fraud, Scams & Cybercrime

Singapore Police Investigate Nickel Trading Investment Fraud

21/02/2021

Envy Asset Management and Envy Global Trading are suspected of using investors’ funds to finance nickel trading activities. Both have had their bank accounts frozen.

Fraud, Scams & Cybercrime

HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020

21/02/2021

More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.

Market Data & Technology

ISO Standard Defining ISIN Updated to Expand Scope

21/02/2021

The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.

Structural Regulation

SEBI Board Meeting: A Preview of Things to Come

21/02/2021

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.