Anti-Bribery & Corruption

ICBC, Bank of China Execs Facing Corruption Prosecutions

13/05/2024

New corruption investigations also launched against former officials from the NFRA, CCB and China Development Bank.

Stablecoins

BSP Allow PHP Stablecoin Project to Enter Sandbox

13/05/2024

Coins.ph will test a peso-backed stablecoin in payments, trading, hedging and DeFi applications.

Credit Risk

Korea Unveils New Measures to Speed Up PF Loan Restructuring

13/05/2024

The measures will ensure struggling real estate projects enter restructuring rather than delay the resolution of liquidity risks.

Structural Regulation

HKMA Issues Revised Guideline on SFC-registered AIs

13/05/2024

The revised module aims to serve as a “convenient regulatory handbook” for HKMA-authorised institutions that are also registered with the SFC.

Fraud, Scams & Cybercrime

Taiwan Progresses New Anti-Fraud Legislative Package

12/05/2024

The legislative extends fraud prevention obligations to VASPs, telecom companies, and internet advertising platforms, among others.

Trading & Investment

Hong Kong, Saudi Arabia Working on More ETF Listings

12/05/2024

An ETF that tracks Hong Kong’s stock indices will list in Riyadh. More Saudi Arabia ETFs may also list in Hong Kong.

PEPs & Sanctions

Canada Imposes More Sanctions Over October Hamas Attacks

12/05/2024

The four sanctioned individuals were designated by the US in the weeks following Hamas’ attack on Israel.

Payments & Settlements

Indonesia, UAE Agree on Local Currency Settlement Framework

11/05/2024

New MoU outlines a framework to facilitate the settlement of cross-border trade transactions using local currencies.

PEPs & Sanctions

New Zealand Asked to Expand Myanmar Sanctions

11/05/2024

Company records show that New Zealanders have ties to mining companies which benefit the military junta.