AML / KYC

Taiwan to Loosen Rules Imposed on Overseas Securities Clients

04/01/2025

The FSC will make account opening, order verification and fund deposits more convenient for overseas clients

Sanctions

US Sanctions Iranian, Russian Entities for Election Interference

04/01/2025

OFAC said affiliates of Iran’s IRGC and Russia’s GRU aimed to stoke socio-political tensions and influence the 2024 US election

Sanctions

BIS Proposes Rule to Address Foreign Threats in Commercial Drone Market

04/01/2025

The proposed rule seeks to safeguard the supply chain for unmanned aircraft systems or drones against foreign adversarial influences.

Capital / Liquidity

Taiwan FSC Amends FRTB and CVA Risk Requirements

04/01/2025

FSC announced changes to requirements for calculating capital for market risk, CVA risk, and securitisation exposures

Capital / Liquidity

OJK Indonesia Adjusts LCR, NSFR Regulations for Banks

04/01/2025

The amendments will require all conventional commercial banks including smaller banks to comply with the LCR and NSFR rules.

Crypto / Digital Assets

Japan FSA Outlines Tax Reform Proposals for Fiscal 2025

04/01/2025

The FSA aims to enhance the NISA system, simplify procedures related to tax treaties, and lower the tax on cryptocurrency gains.

Securities / Derivatives

SEBI Introduces Framework to Lower Entry Barrier for Passive Funds

04/01/2025

The framework allows PE funds set up in India or overseas to sponsor “MF Lite” entities, subject to certain conditions

Enforcement

PBOC Fines Three FIs for ‘Abnormal’ Bond Trading Behaviour

04/01/2025

Concerns are being raised about the capabilities of small and midsize firms to appropriately manage interest rate risk

Capital / Liquidity

Hong Kong Phase 2 Enhancements to Depositor Protection Scheme

04/01/2025

The measures provide enhanced coverage to affected depositors upon a bank merger or acquisition