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Climate Risk
BCBS Task Force Outlines Progress on Climate Risk Initiatives
By Shruti Khairnar | 20/10/2020
Kevin Stiroh, Co-chair of the Task Force on Climate-related Financial Risks, highlighted the importance of globally concerted efforts and information sharing.
Anti-Bribery & Corruption
Goldman US Penalty Over 1MDB to be Announced ‘Within Days’
By Editors | 20/10/2020
Goldman Sachs Group has reportedly reached a more than $2bn settlement with the US DOJ over its role in Malaysia’s 1MDB scandal.
Anti-Money Laundering
Global Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico
By Manesh Samtani | 18/10/2020
Euro Pacific Bank, founded in 2017 by Peter Schiff and Mark Anderson, is said to be used by up to 400 Australian nationals, about 100 of which are considered “high-risk”.
Structural Regulation
US Considers Adding Ant Group to Trade Blacklist – Report
By Editors | 15/10/2020
US officials reportedly fear the Chinese government could access sensitive banking data belonging to future US users of the Alipay payment app.
PEPs & Sanctions
HKAA Sanctions Mark Formal Warning to Global Banks
By Manesh Samtani | 15/10/2020
International financial institutions conducting ‘significant transactions’ with the ten sanctioned individuals could face secondary sanctions.
Trading & Investment
HKFE Obtains CFTC Certification for Non-USD MSCI Contracts
By Editors | 15/10/2020
The Hong Kong Futures Exchange has received CFTC certification for its SGD Singapore futures contract and two JPY Japan contracts.
Trading & Investment
China Excludes HSBC from Sovereign Bond Sale – Reports
By Editors | 14/10/2020
HSBC is the only lender that participated in China’s November 2019 dollar debt offering that isn’t participating in this year’s issuance.
Structural Regulation
Sri Lanka SEC to Overhaul Capital Market Rules in Stages
By Duruthu E Chandrasekera | 13/10/2020
“The market has evolved over the past ten years and technology has also raised the bar. There is a need to be in line with the times,” SEC Chairman Viraj Dayaratne told Regulation Asia.
Anti-Money Laundering
US Justice Dept Publishes Cryptocurrency Enforcement Framework
By Editors | 13/10/2020
The framework provides a detailed threat overview, cataloging the three categories into which most illicit uses of cryptocurrency typically fall.
Anti-Money Laundering
RegTech Asia 2020: The Future of AML & Fraud Case Management
By Editors | 11/10/2020
How can current practices in AML and fraud case management and investigations be enhanced with technology and data for better, faster outcomes?
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