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CBDCs
DTCC to Explore Use of CBDC in Clearing and Settlement
By Sanday Chongo Kabange | 14/04/2022
Project Lithium will explore how a CBDC can reduce counterparty risk and trapped liquidity, increase capital efficiency and enable atomic settlement.
PEPs & Sanctions
Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto
By Editors | 14/04/2022
The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.
Structural Regulation
CSRC Accelerates Work to Update Rules for Overseas Listings
By Darien Choong | 13/04/2022
To enable US regulators to participate in domestic on-site inspections, CSRC chairman Yi Huiman said China may need to become a signatory to IOSCO’s EMMoU.
Reporting & Disclosures
Thai SEC Finalises Disclosure Guidelines for SRI Funds
By Editors | 12/04/2022
The guidelines will promote transparency, enable investors to make more informed decisions, and reduce the risk of greenwashing, the SEC says.
Anti-Money Laundering
Philippine NPO Sector Rated as Medium Risk for Terrorist Financing
By Sanday Chongo Kabange | 12/04/2022
The SEC warns that suspected or actual misuse of the NPO sector for terrorism financing can present serious ramifications for an NPO’s intended beneficiaries.
Anti-Bribery & Corruption
New York Court Convicts Ex-Goldman Exec in 1MDB Case
By Editors | 11/04/2022
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
Custody & Infrastructure
Thai SEC to Allow Use of Foreign Custodians in DR Issuance
By Editors | 10/04/2022
Under revised guidelines, depository receipt issuers can directly appoint a global custodian or foreign agent to hold overseas securities.
Cryptocurrency
Thai Crypto Firms Required to Issue Transaction Reports to Clients
By Editors | 07/04/2022
From 1 May, crypto businesses have to submit reports to customers within one day after a transaction is complete, allowing them to view records going back 18 months.
PEPs & Sanctions
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
PEPs & Sanctions
US, UK Announce New Russia Sanctions, EU to Ban Coal Imports
By Manesh Samtani | 06/04/2022
New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.
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