AML / KYC

GCFFC Developing Global Model to Assist in Prioritising Financial Crime Types

23/04/2025

The model will provide authorities with a common basis to prioritise financial crimes based on pre-set criteria, ensuring they can maximise the use of limited resources.

AML / KYC

Southeast Asian Crime Syndicates Are Now Operating Globally – UNODC

23/04/2025

UNODC says East and Southeast Asian organised crime groups are spreading “like a cancer”, driven by new technologies and mounting law enforcement pressure.

ESG / Sustainability

UNEP FI Publishes Version 3 Guidance for Banks on Climate Target Setting

22/04/2025

Version 3 contains new sections covering stakeholder engagement and the role of carbon credits in helping banks achieve their climate targets.

Market Infrastructure

Shanghai Launches Action Plan to Enhance Cross-Border Financial Services

22/04/2025

The plan includes measures to improve cross-border settlement efficiency, optimise FX hedging services, and strengthen financing support for firms that are “going global”.

ESG / Sustainability

China Publishes 2025 Plans for Carbon Emissions Trading Market

21/04/2025

China released detailed plans for managing the market and expanding it to include the steel, cement, and aluminum smelting industries this year.

Sanctions

US Lawmaker Urges JPM, BofA to End Involvement in CATL’s Hong Kong IPO

21/04/2025

Letters to the two banks say they would risk complicity in “underwriting genocide” if they sponsor the Hong Kong IPO by CATL, the world’s largest battery maker for EVs.

Fintech / Regtech

HKMA Issues Guidance on Defending Against DDoS Attacks

21/04/2025

HKMA shares key learnings from DDoS incidents in Hong Kong that resulted in service impacts and disruptions for customers

Sanctions

US Imposing New Controls on Chip Exports to China

21/04/2025

US lawmakers accuse China’s DeepSeek are circumventing US export controls by smuggling chips through intermediary countries like Singapore

Capital / Liquidity

China Issues New Regulatory Guidance for Bad Debt Managers

20/04/2025

Financial asset management companies are encouraged to use “innovative” methods to mitigate risks and provide relief such as bridge financing to troubled enterprises that can be saved.