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Wolfsberg Group Publishes Statement on Risk Based Approach
By Manesh Samtani | 24/07/2025
The Wolfsberg Group outlined three core principles for financial crime compliance and committed to updating its foundational risk-based approach guidance.

Securities / Derivatives
China Issues Rules for Hainan Cross-Border Asset Management Pilot
By Manesh Samtani | 23/07/2025
New implementation rules allow foreign individuals and institutions to buy onshore products via Hainan, a key step in opening up the free trade port.

Capital / Liquidity
Korean Lawmakers Approve Amendments to Double Deposit Protection Limit
By Editors | 23/07/2025
South Korea's Cabinet has approved legislative revisions to double deposit protection coverage, bolstering depositor confidence and financial stability.

Enforcement
Tokyo Court Sentences Five Former SMBC Nikko Execs in Manipulation Case
By Manesh Samtani | 23/07/2025
A Tokyo court has convicted five former SMBC Nikko Securities executives, including a former Vice President, for market manipulation, highlighting compliance failures.

Securities / Derivatives
SGX Lists First SGD-Hedged ETF Tracking China's ChiNext
By Editors | 23/07/2025
SGX debuted an ETF linked to China's ChiNext Index, offering SGD-hedged exposure through the ETF Connect scheme with Shenzhen.

Fintech / Regtech
RBI Proposes Digital Banking Rule Changes, Ban on Third-Party Cross-Selling
By Manesh Samtani | 22/07/2025
RBI's draft rules mandate prior approval for transactional services, explicit customer consent, and prohibit most third-party product promotions.

Enforcement
SEBI Allows Jane Street to Resume Trading in Indian Market
By Nithya Subramanian | 22/07/2025
SEBI has directed the BSE and NSE to maintain close oversight of the firm’s trading activity to ensure there is no recurrence of the alleged manipulative patterns.

Market Infrastructure
PBOC Proposes New Draft Rules for Interbank Brokerage Market
By Manesh Samtani | 22/07/2025
The draft rules mandate strict risk controls, list thirteen prohibited acts, and aim to formalise securities firms' advisory activities.

Market Infrastructure
Microsoft Battles Global Attacks Affecting SharePoint Vulnerability
By Manesh Samtani | 22/07/2025
The vulnerability has compromised government agencies and businesses worldwide and prompting urgent warnings from cybersecurity authorities.

ESG / Sustainability
Australia Proposes Amendments to Strengthen Modern Slavery Act
By Sanday Chongo Kabange | 22/07/2025
Government consultation outlines a new enforcement framework, including financial penalties for non-compliance and expanded mandatory reporting requirements for large companies.
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