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Market Infrastructure
High-Level Forum Charts Course to Achieve EU Capital Markets Union
By Editors | 11/06/2020
In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.
AML / KYC
BSP Prepares Guidelines to Regulate Virtual Asset Service Providers
By Editors | 21/05/2020
The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.
Market Infrastructure
Financial Sector Suffers More Cyber Attacks Than Any Other Sector
By Editors | 21/05/2020
But, because the financial sector spends more on IT security and manages the risks better, it also suffers lower costs than other sectors.
AML / KYC
DPRK Cyber Crime Group Increasingly Active in S Korea
By Editors | 18/05/2020
The primary targets of the cyberattacks are cryptocurrency traders, exchanges and others who work in the field, according to cyber security firm ESTsecurity.
Crypto / Digital Assets
MAS Sets Out Regulatory Approach for Payment Token Derivatives
By Editors | 18/05/2020
MAS will regulate payment token derivatives offered by approved exchanges – i.e. SGX Derivatives, APEX, Ice Futures – but will not regulate such products offered by other entities.
Fintech / Regtech
Temasek Joins Libra Association as First Asia Pacific Backer
By Editors | 17/05/2020
Temasek’s participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
AML / KYC
Industry Bodies Publish New Messaging Standard for Virtual Assets
By Editors | 13/05/2020
The messaging standard is aimed at helping virtual asset service providers comply with FATF requirements to collect and transfer originator and beneficiary information.
AML / KYC
FATF Offers Policy Guidance for Managing Covid-19 Related AML Risks
By Editors | 05/05/2020
FATF describes the ways in which AML/CFT policy responses can help support implementation of Covid-19 response measures, while also managing new risks and vulnerabilities.
AML / KYC
US Prosecutors Target Foreign Bank Records in North Korean Cyber Hunt
By Nick Turner | 05/05/2020
US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.
Crypto / Digital Assets
FSA Japan Certifies Two SROs as New Crypto Laws Take Effect
By Editors | 04/05/2020
The certifications took effect from 1 May, the same day the FSA said it would start enforcing new laws on crypto assets.
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