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Financial Services Firms Spend $180.9 Billion On Financial Crime Compliance, According To LexisNexis Risk Solutions Global Study - Global Survey Of Financial Crime Compliance Professionals Points To United Kingdom, Germany And United States As Highest Spenders

Date 14/04/2020

Today, LexisNexis® Risk Solutions released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services firms across the Asia Pacific (APAC) region, Europe, the Middle East and Africa (EMEA), Latin America (LATAM) (including Mexico) and the U.S. and Canada. The report reveals that the projected total cost of financial crime compliance in these markets amounts to $180.9 billion.
OECD: Global FinancialMarkets Policy Responses To COVID-19

Date 14/04/2020

In early March 2020, the OECD’s Interim Economic Outlook highlighted that the coronavirus outbreak had already caused a sharp declinein economic growth in China, and subsequent outbreaks in other countries were eroding prospectsfor economic growth. Sincethat time, the increasing spread of the coronavirus across countries has prompted many governments to introduce unprecedented measures to contain the epidemic. While necessary to contain the virus, these measures have led to many businesses being shut down temporarily, widespread restrictions on travel and mobility, financial market turmoil, an erosion of confidence and heighted uncertainty.This approach suggests that the shutdowns could lead to sharp declines in the level of output in many economies, with consumers’ expenditure potentially dropping by around one-third. Changes of this magnitude would far outweigh the economic recessionduring the global financial crisis.
Emerging Payments Association Publishes New Guidance On Digital Identification And Authentication To Help Tackle Financial Crime - New Report Focuses On How The Payments Industry Can Keep Safe From Financial Threats

Date 14/04/2020

The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing payments companies, has today published new guidance on digital identification and authentication to help combat financial crime.
UAE Securities And Commodities Authority Board, Chaired By His Excellency/Sultan Al-Mansoori, Approves The Mechanism Of Dealing With Joint-Stock Companies Suspended From Trading

Date 14/04/2020

The mechanism sorts suspended companies into two categories, i.e first category and second category, and outlines procedures of transferring the listing of the company shares between them.
Kompli-Global Unveils The Most Comprehensive Remote Corporate Onboarding Platform To Take The Fight To Fraudsters And Money Launderers - RegTech Specialists Launch Kompli-QED, A Unique Holistic Solution That Harnesses AI For Regulated Entities To Meet Regulatory Requirements, Prevent Fraud And Save Costs

Date 14/04/2020

Kompli-Global, the leading RegTech AML specialist, is taking the fight to fraudsters and money launderers, as it today unveils Kompli-QED, the most comprehensive remote corporate onboarding platform.

Saxo Bank’s Most Traded Q1 Stocks: Tesla Took Investors For A Ride

Date 14/04/2020

After a slow climb in January, the covid-19 pandemic flushed all profits down the drain in a matter of weeks. This was mostly personified by Tesla’s Q1 rollercoaster, going from a short squeeze which sparked a 50% increase in the stock price to being hit by the covid-19 lockdown, which made it drop back to where the year started.
Shanghai Stock Exchange Implements Arrangements For Extending Disclosure Of Annual Reports To Strengthen And Enhance All-Round Service For Listed Companies

Date 14/04/2020

On April 7, the China Securities Regulatory Commission (CSRC) issued the "Announcement on Matters Concerning Current Work in Audit and Disclosure of Annual Reports of Listed Companies and Other Institutions", which makes a unified deployment for the matters concerning the extended disclosure of annual reports of listed companies, fully reflecting the support and care of the capital market for the listed companies. Today, the Shanghai Stock Exchange (SSE) released the "Notice on Supporting Listed Companies in Making Effective Efforts in Disclosure of 2019 Annual Reports" (the "Notice" for short, see attachment), so as to support the implementation of the specific requirements of the CSRC’s announcement, relay the warmth of regulation, and bolster the listed companies in the audit and disclosure of 2019 annual reports.
NSD Begins To Calculate Values Of Eurobonds Linked To CBR Rate And Euro-Denominated Corporate Eurobonds

Date 14/04/2020

On 16 April 2020, the Valuation Center of National Settlement Depository (NSD) started calculating the value of bonds with a floating scheme of payments linked to the Bank of Russia’s rate, and of Russian corporate issuers’ Euro-denominated Eurobonds.
Details Of Changes To ASIC Regulatory Work And Priorities In Light Of COVID-19

Date 14/04/2020

ASIC has previously stated it would temporarily change its regulatory work and priorities to allow it and regulated entities to focus on the impact of COVID-19. This will include the deferral of some activities and redeployment of staff to address issues of immediate concern, including maintaining the integrity of markets and protecting vulnerable consumers.
JPX Response To Spread Of Novel Coronavirus

Date 14/04/2020

In regard to the spread of the novel coronavirus, Japan Exchange Group (JPX) understands the need to fulfil its duty as public infrastructure by ensuring continued smooth operation of the market. For this reason, JPX has responded by establishing a BCP (Business Continuity Plan) Emergency Headquarters headed by Group CEO Kiyota Akira and implementing the following measures.