Remarks by Executive Vice-President Dombrovskis at the press conference on the Commission Action Plan to fight against money laundering and terrorist financing
European Commission, 7 May 2020
Dombrovskis delivered remarks on six-point Action Plan tackles money laundering from all angles to build a comprehensive system that will stop criminals in their tracks. The plan will protect the financial system and make sure that the internal market works properly and smoothly. He invited everyone to take part in the consultation. Views will be fed into the legislative proposals we will present in the first quarter of next year.
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MIFID II: ESMA issues latest double volume cap data
ESMA, 8 May 2020
The European Securities and Markets Authority (ESMA) has updated today its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).
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MAS bans four individuals for fraudulent and dishonest conduct
MAS, 8 May 2020
The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees and two former insurance agents for fraudulent and dishonest conduct. The POs took effect from 4 May 2020.
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FATF Paper on COVID-19-related Money Laundering and Terrorist Financing – Risks and Policy Responses
MAS, 8 May 2020
The MAS published good practices and challenges in the mitigation of new money laundering and terrorist financing threats and vulnerabilities arising from the COVID-19 crisis.
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Online lending regulations proposed
China Daily, 11 May 2020
China's banking and insurance regulator issued draft rules on commercial bank's online lending business on Saturday, in an effort to satisfy the financing needs of residents and small businesses and reduce financial risks.
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China's new foreign investment rule to boost stocks, bonds
China Daily, 8 May 2020
China announced plans Thursday to scrap quota restrictions on two major inbound investment schemes and further streamline the procedures for foreign institutional investors, a step that will boost the long-term development of the domestic capital market, analysts said.
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