International

Anti-Money Laundering

Companies Commission of Malaysia’s Ravin Kaur Highlights Money Laundering Risks in Shell Companies

By Editors | 20/09/2023

Ravin Kaur, Senior Policy Advisor, AML/CFT Expert at Companies Commission of Malaysia, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, she shared how shell companies are being exploited for money laundering and transnational crime. She called for regulators and gatekeepers to conduct better customer due diligence when onboarding corporate entities to prevent misuse of shell companies.

Custody & Infrastructure

Major FMIs to Collaborate on Digital Assets Development

By Editors | 20/09/2023

DTCC, Clearstream and Euroclear will work to improve standardisation and interoperability in the industry, focusing on real-money assets.

CBDCs

The Future Legal Tender: Chinese Views on CBDC

By Stephen Deane | 19/09/2023

Stephen Deane and Olivier Fines discuss the findings of a global survey on CBDCs, focusing on views from respondents in mainland China.

Sustainable Finance

GFANZ Seeks “Rigour” on Transition Finance Strategies

By ESG Investor | 19/09/2023

New GFANZ consultation seeks feedback on a principles-based approach to the four key net zero financing strategies identified last year.

Alternative Markets

Cayman Islands to Open First Asia Office in Singapore

By Editors | 19/09/2023

The Cayman Islands government said the new office will help it pursue business opportunities in Asia and build strategic relationships including in Hong Kong.

Nature & Biodiversity

TNFD Publishes Final Recommendations on Nature Related Issues

By Editors | 19/09/2023

The Recommendations, launched as part of New York Climate Week, will help companies begin identifying, assessing and disclosing nature-related risks.

Fraud, Scams & Cybercrime

Citibank’s Andrew Marane Explores the Dynamics of Cybercrime in Banks

By Editors | 19/09/2023

Andrew Marane, Director, Fraud Operations APAC/EMEA at Citibank, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, he shared how the dynamics of cybercrime in banks have changed with fraudsters changing the way they attack. He also touched on million-dollar scams against clients becoming a major fraud challenge for banks and how education can prevent them.

Trading & Investment

WFE Calls on Policymakers to Better Promote Equity Markets

By Manesh Samtani | 19/09/2023

From a policy perspective, it is important not to approach market-based finance in the same way as banking, the WFE says.

Stablecoins

Stablecoin Summer: How Three Months of Policy And Innovation Could Shape the Future of the Ecosystem

By Ari Redbord | 18/09/2023

Ari Redbord and Angela Ang discuss recent developments which made the summer of 2023 a hot one for stablecoins.