United States

AML / KYC

Philippine Government Agencies, Departments Ordered to Adopt New AML Strategy

By Ranamita Chakraborty | 07/07/2023

The Philippines is looking to remove itself from the Financial Action Task Force’s “grey list” by improving its efforts in anti-money laundering, counter-terrorism financing, and counter-proliferation.

Enforcement

ASIC Fines Openmarkets Record $4.5m for Compliance Failures

By Sanday Chongo Kabange | 06/07/2023

ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.

Sanctions

US to Restrict Chinese Access to Cloud Computing Services – Report

By Editors | 05/07/2023

Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.

Crypto / Digital Assets

Thai SEC Prohibits Crypto Lending, Deposit Taking Services

By Editors | 03/07/2023

Crypto firms will also have to disclose a warning about the risks associated with trading cryptocurrencies from 31 July 2023.

ESG / Sustainability

Thailand Publishes Sustainable Finance Taxonomy

By Ranamita Chakraborty | 03/07/2023

Stakeholders are expected to adopt the taxonomy as a reference tool for policymaking, accessing green funding as well as managing climate risks.

Enforcement

CFTC Establishes Task Forces to Target Cyber Threats, Environmental Fraud

By Editors | 02/07/2023

The task forces will help the CFTC address cybersecurity issues, emerging technologies like AI, and fraud in carbon markets.

Market Infrastructure

Thailand Launches Fully Digitalised Platform for Corporate Bond Issuance

By Sanday Chongo Kabange | 02/07/2023

The DIF Web Portal is an end-to-end system covering the process of issuance, filing, subscription, payment and delivery for corporate bonds.

Sanctions

OFAC, OFSI Issue Sanctions Guidance on Humanitarian Assistance

By Editors | 28/06/2023

The guidance provides clarity on authorisations available for humanitarian, agricultural and medical support provided to regions impacted by Russia’s war in Ukraine.

Market Infrastructure

ASX CHESS Replacement Project Under Continued Scrutiny

By Sanday Chongo Kabange | 28/06/2023

ASIC chair Joe Longo said ASX had an “engagement problem” and that officials were working to boost oversight of the CHESS replacement project.