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AML / KYC
Regulatory Pressure on Binance Builds With Malaysia Ban
By Manesh Samtani | 01/08/2021
Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.
Market Infrastructure
FMSB Finalises Standard on Use of Term SONIA
By Manesh Samtani | 31/07/2021
Use cases for Term SONIA include trade finance, working capital products, Islamic finance, export finance, and emerging markets lending.
Securities / Derivatives
Independent Report Finds Risk Control Failures at Credit Suisse
By Sanday Chongo Kabange | 30/07/2021
The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
Securities / Derivatives
UK FCA Finalises Rule Changes for SPAC Listings
By Manesh Samtani | 28/07/2021
The FCA will remove the presumption of suspension at the point when an acquisition target is identified, for SPACs that meet certain criteria.
AML / KYC
European Commission Presents Package of AML/CFT Reforms
By Editors | 23/07/2021
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
AML / KYC
SFC Issues Warning on Unregulated Virtual Asset Platforms
By Editors | 18/07/2021
Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.
Securities / Derivatives
ESMA Outlines Disclosure Expectations for SPACs
By Sanday Chongo Kabange | 18/07/2021
The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.
AML / KYC
European Commission Seeks Establishment of New AML Authority
By Ranamita Chakraborty | 15/07/2021
The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.
Securities / Derivatives
Korean Won Futures Set for Launch on Eurex-KRX Link
By Editors | 12/07/2021
The listing of USD/KRW Futures on the KRX-Eurex link will allow for continuous trading during Asian, European and North American market hours.
Market Infrastructure
EU Regulators Urge Participants to Stop Using LIBOR
By Sanday Chongo Kabange | 05/07/2021
Market participants are asked not to wait for the European Commission to exercise its powers to designate a replacement for LIBOR.
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