United States

Securities / Derivatives

PCAOB Picks Chinese Firms for First Audits Checks – Report

By Editors | 31/08/2022

Alibaba, Netease, Baidu, JD.com and Yum China are among the first Chinese firms selected for the PCAOB’s audit checks in Hong Kong

Fintech / Regtech

US to Launch FedNow Instant Payments Platform in Mid 2023

By Editors | 31/08/2022

The technical testing phase of the new FedNow Service will kick off in mid-September. The service will be ready to launch between May and July of 2023.

Securities / Derivatives

Sri Lanka Launches Third Phase of Capital Market Digitisation

By Duruthu E Chandrasekera | 30/08/2022

SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.

Securities / Derivatives

US SEC Shines Spotlight on Executive Compensation

By ESG Investor | 30/08/2022

US companies will be required to disclose information reflecting the relationship between executive compensation and the financial performance.

AML / KYC

Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud

By Editors | 30/08/2022

BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.

Market Infrastructure

US, Chinese Authorities Sign Audit Cooperation Deal

By Manesh Samtani | 29/08/2022

PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.

AML / KYC

US Lawmaker Seeks Clarity on Tornado Cash Sanctions

By Editors | 28/08/2022

US Congressman Tom Emmer says the designations against Tornado Cash wallet addresses are a “divergence from previous OFAC precedent”.

AML / KYC

BSP Calls for ‘Limited Amendment’ to Bank Secrecy Law

By Editors | 27/08/2022

BSP senior assistant governor Elmore Capule told a Senate Committee the BSP is looking for a “limited relaxation of the bank secrecy laws”.

Market Infrastructure

US, China Nears Deal to Resolve Long-running Audit Dispute

By Editors | 26/08/2022

The CSRC has informed some accounting firms that US regulators may be visiting Hong Kong in September to inspect the audit records of US-listed Chinese companies.