News Centre

KOHO Financial Centralises Reconciliation, Reduces Risk And Improves Auditability With Duco Data Automation Platform

Date 13/12/2022

• Canadian fintech achieves cost and risk reduction by centralising reconciliations on Duco’s solution.

Consul General Of The People's Republic Of China Rings Market Opening Bell To Celebrate Listing Of Bank Of China’s US$ 300 Million Bond On Nasdaq Dubai - The New Listing Raises Total Value Of Chinese Institutions’ Bonds On Nasdaq Dubai To US$ 7.5 Billion Through 13 Issuances

Date 13/12/2022

His Excellency Li Xuhang, Consul General of the People's Republic of China, today rang the market opening bell to celebrate the listing of US$ 300 million bond on Nasdaq Dubai. This is the second time that the Bank of China is listing its bonds on the region's international financial exchange, following the listing of CNH 2 billion bonds in 2015. The new listing highlights Nasdaq Dubai's significant role in strengthening links between capital markets in Dubai and China.

Egyptian Exchange Hosts The Annual Meetings Of FEAS

Date 13/12/2022

The Egyptian Exchange hosted the 65th AGM of the Federation of Euro-Asian Exchanges, as well as the working committees Working Committee meeting. The meetings discussed the federation financials and budget for the year 2023. Members reviewed the plan for coming year including workshops, training, studies, and surveys of the next year.

Siren And Sayari Join Forces To Expose Financial Crime - Market Leading Technologies Partner To Increase Corporate Transparency

Date 13/12/2022

Siren and Sayari have combined capabilities to help organizations expose financial crime and better meet customers’ evolving needs for financial data intelligence. Siren and Sayari provide market leading solutions for Anti-Money Laundering (AML), identifying illicit actors such as Russian oligarchs, kleptocrats, and drug traffickers, and undertaking corporate data investigations.

GLEIF Supports Development Of Cross-Border Organizational Trust Services Mutually Recognized By Japan And Europe - Standardized Entity Identifiers (LEIs) In eSeals Allow Japanese And European Organizations To Transact Digitally With Greater Trust In Counterpart Authenticity

Date 13/12/2022

A proof-of-concept initiated by the Global Legal Entity Identifier Foundation (GLEIF) has demonstrated that embedding the Legal Entity Identifier (LEI) within eSeals brings significant international interoperability and enhanced trust advantages. The initiative was undertaken to support a Japanese consortium program which aims to develop entity-level trust services that are mutually recognizable by Japanese and European organizations.

exeno To Launch A New All In One DeFi Platform

Date 13/12/2022

exeno, a pioneer in crypto commerce ("c-commerce") and DeFi technology, is launching its new platform exeno finance. A true DeFi innovation, exeno finance is taking the best of the decentralized financial world, crypto payments, and other Web3 solutions while creating a faster, simpler, and more effective way for everyday usage.

Finansinspektionen: A Strategy To Prevent Greenwashing

Date 13/12/2022

Finansinspektionen will prevent greenwashing in the financial sector through preventive measures and supervisory activities. Today, in a new report that is submitted to the government, FI presents a strategy to prevent greenwashing.

SteelEye Appoints Former Microsoft And Google Executive Christopher Pennington As Chief Revenue Officer To Boost Global Sales

Date 13/12/2022

SteelEye, the compliance technology and data analytics firm, has appointed Christopher Pennington as Chief Revenue Officer. This new role will strengthen SteelEye’s customer engagement and commercial functions as the firm continues to scale globally.

Suspected Identity Theft Targeting TFI Markets Ltd, Cyprus: BaFin Investigates Purported Sale Of Shares In “Porsche AG”

Date 13/12/2022

BaFin has become aware that a company operating under the name of “TFI Trade Limited” and allegedly domiciled in Cyprus is offering investors in Germany the opportunity to purchase shares in Dr. Ing. h.c. F. Porsche Aktiengesellschaft (“Porsche AG”). In this context, alleged representatives of the company claim that TFI Trade Limited is a subsidiary of TFI Pcl. and that it holds a licence issued by the “Cyprus Securities and Exchange Commission”. This claim is also made on the websites operated by the company, tfitrade.com and tfitrade24.com, where customers are offered further opportunities to trade in other financial instruments.

Hong Kong Securities And Futures Commission: Statement On Virtual Asset Arrangements Claiming To Offer Returns To Investors

Date 13/12/2022

The Securities and Futures Commission (SFC) wishes to remind investors of the risks associated with virtual asset (VA) platforms offering VA “deposits”, “savings”, “earnings” or “staking” services (VA Arrangements) to investors in Hong Kong in light of their continued prevalence despite previous investor warnings (Note 1) and recent events in the virtual asset industry. The SFC also takes this opportunity to remind the industry of the potential legal requirements when they offer VA Arrangements to investors in Hong Kong.