Payments Canada is seeking feedback on policy proposals that will shape a new by-law for Canada’s new high-value payments system, Lynx. The proposals touch on key requirements including membership
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The Bank of Lithuania issues Guidelines on Security Token Offering
The Bank of Lithuania has issued Guidelines on Security Token Offering (STO), becoming one of the first market regulators in the world to do so. The Guidelines focus on -
Malaysia: Policy document on fair treatment of financial consumers
Bank Negara Malaysia has issued a policy document on Fair Treatment of Financial Consumers. The policy document aims to foster high standards of responsible and professional conduct in a -
India: Reserve Bank consults on Guidelines for Payment Gateways and Payment Aggregators
The Reserve Bank of India (Reserve Bank) has published a discussion paper on ‘Guidelines for Payment Gateways and Payment Aggregators.’ The discussion paper seeks public comments on comprehensive guidelines -
Central Bank of Morocco to introduce a new risk-free rate
Bank Al-Maghrib plans to reform its new risk-free rate – the London Inter-bank Offered Rate. The bank is also considering the launch of a new money market benchmark in Morocco.
January 25, 2021
Mauritius joins African Development Bank Bloomberg Bond Index
The African Development Bank has added Mauritius to its Bloomberg African Bond Indices (ABABI). The Bank of Mauritius (Bank) initiated actions to comply with the requirements for the inclusion of Mauritius onto the ABABI. The Bank worked on the implementation of Bloomberg’s Valuation Service curve for enhancing price discovery Africa
January 23, 2021
New reporting requirements: FINTRAC’s implementation delivery schedule
FINTRAC has published a delivery schedule for the implementation of new reporting obligations related to the amended Regulations that will come into force on June 1, 2021. The schedule involves two key streams: i) changes to FINTRAC’s and reporting entities’ information technology systems; and ii) drafting of over sixty North America
January 23, 2021
Nordic-Baltic countries engage the IMF on the region’s AML/CTF Risks
The Nordic-Baltic countries have requested the International Monetary Fund to analyze the most pertinent money laundering/terrorist financing (ML/TF) risks in the region. The request is due to the ML/TF threats and vulnerabilities in the region given the interconnectedness of the financial systems and, in particular, the many cross-border banking Europe
January 19, 2021
US Federal Regulators issue FAQs on AML Requirements
The US federal regulators have issued responses to Frequently Asked Questions regarding suspicious activity reporting and other AML considerations for financial institutions that are required to submit Suspicious Activity Reports. Further details are available here. Photo Credit: Pixabay North America