Fraud, Scams & Cybercrime

MAS Bars Four Individuals for Fraudulent, Dishonest Conduct

14/10/2019

The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.

Data Privacy

FSB, IMF Report Progress on G20 Data Gaps Initiative

14/10/2019

The report notes that China is one of the countries that has outstanding issues with removing barriers to full trade reporting and access to trade repository data.

Supervision & Enforcement

Malaysia Passes Bill to Form New Anti-Financial Crime Body

13/10/2019

Expected to launch in January, the National Anti-Financial Crime Centre (NAFCC) will coordinate the efforts of 12 enforcement agencies to tackle financial crime.

Payments & Settlements

Maybank to Enable Real-time Payments for Cambodia, Malaysia

12/10/2019

Cambodia’s central bank and Malaysia’s Maybank will work together to enable real-time cross-border transfers, payments and remittances between the two countries.

Trading & Investment

Shenzhen, Swiss Bourses Sign Memorandum of Understanding

12/10/2019

The initiative will be used to share know-how, expand client networks, and explore cross-border financing alternatives and cooperation in research projects.

Structural Regulation

Stock Connect to Launch Southbound Investor ID Regime “Soon”

12/10/2019

The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.

Data Privacy

Sri Lanka Finalises Personal Data Protection Bill

12/10/2019

The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.

Trading & Investment

SEBI Allows Indian Firms to Issue Depository Receipts

12/10/2019

Domestically listed companies will be allowed to issue depository receipts on certain international bourses as well as on GIFT City exchanges.

Structural Regulation

CSRC Sets Key Dates for Cancelling Foreign Ownership Limits

11/10/2019

The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.