Anti-Money Laundering

FATF, INTERPOL to Ramp Up Global Asset Recovery Efforts

13/09/2022

The FATF and INTERPOL will work to improve international efforts to freeze, seize and confiscate criminal assets including by enhancing cooperation frameworks and available tools.

Sustainable Finance

Taiwan: Five Financial Holding Companies Form Net Zero Alliance

13/09/2022

The five are Yuanta Financial Holdings,  Cathay Financial Holdings, First Financial Holding, E.Sun Financial Holding and CTBC Financial Holding.

Cloud & Infrastructure

BSP Approves Introduction of Regulatory Sandbox Framework

13/09/2022

The regulatory sandbox framework will enable the BSP to balance the perceived benefits of emerging technologies against the need to manage their risks.

Anti-Money Laundering

Australian Federal Police Forms Cryptocurrency Unit

13/09/2022

The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.

Trading & Investment

Moscow Exchange Reopens Equity Market to Foreign Investors

13/09/2022

The equity market is reopened for non-resident investors from “friendly jurisdictions” and non-residents controlled by Russian legal entities or individuals.

Reporting & Disclosures

Glencore Facing Greenwashing Allegations in Australia

13/09/2022

A complaint from environmental lawyers calls on the ACCC and ASIC to investigate statements made by Glencore about its plans to reach net zero by 2050.

Emerging Prudential Risks

APRA Details Plans to Modernise Prudential Architecture

13/09/2022

APRA will modernise its guidance for banks, insurers and superannuation funds to make it easier to understand and comply with.

Anti-Money Laundering

AUSTRAC Launches AML Probe into Entain Group

13/09/2022

London-listed betting company Entain Group was also fined last month by the UK Gambling Commission for AML and social responsibility failures.

Structural Regulation

PBOC Approves Third Financial Holding Company Licence

13/09/2022

A subsidiary of state-owned China Merchants Group has been granted a financial holding company licence.