Alternative Markets

Malaysia SC Expands Tax Incentives Available to VC Firms

04/07/2022

VCCs can claim exemptions from tax on all income other than interest income from savings or fixed deposits and profits from Shariah-based deposits – for a period of up to five years.

Cryptocurrency

Binance to Help Cambodia Develop Crypto Regulatory Framework

04/07/2022

Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.

Sustainable Finance

China Approves Launch of First Carbon Neutral ETFs

04/07/2022

Shanghai Environment Energy Exchange approved 8 carbon neutral ETFs, and NAFMII recently launched China’s first batch of interbank transition bonds.

Anti-Money Laundering

FATF Outlines Priorities, Objectives for Singapore Presidency

04/07/2022

The Singapore Presidency will focus on areas such as asset recovery, cybercrime, virtual assets, beneficial ownership, data analytics and corruption.

Fraud, Scams & Cybercrime

US DOJ Files Charges Against Six Individuals Over Crypto Frauds

04/07/2022

Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

Market Abuse

SEBI Fines NSE, Infotech, Six Others Over Algo Trading Scandal

04/07/2022

NSE awarded a contract to Infotech despite conflicts of interest. Confidential NSE data was then misused to develop algorithmic trading software.

Fraud, Scams & Cybercrime

Taiwan Banks Warned of Credit Card Fraud Via Digital Wallets

04/07/2022

The FSC asked the Bankers Association to amend its guidances to ensure consumers get notifications when their credit card is added to a digital wallet.

Payments & Settlements

US Fed Delays ISO 20022 Implementation Until March 2025

03/07/2022

ISO 20022 implementation for the Fedwire Funds Service is being delayed to prioritise the launch of the new FedNow Service.

Climate Risk

BNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests

03/07/2022

BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.