AML / KYC

French Prosecutors File Charges Against Telegram CEO

28/08/2024

A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

Market Infrastructure

Australia Releases Terms for Banking Competition Review

28/08/2024

The review will examine how regulators can enable more proportionate regulation to improve the competitiveness of smaller banks.

Sanctions

Google Sues to Prevent Further Asset Seizures by Russia

28/08/2024

Court documents have revealed that Russia seized more than $100mn from Google’s Russian bank accounts in 2022.

Fintech / Regtech

Korea: FSC Chairman Pledges Support for AI Initiatives

28/08/2024

Kim Byoung-hwan said regulations will be relaxed to ensure the financial sector leads Korea’s push to become a top-three global leader in AI.

Securities / Derivatives

Alibaba Converts HK Shares to Gain Stock Connect Inclusion

28/08/2024

Inclusion in Stock Connect is expected to provide a boost to Alibaba’s shares as well as the Hong Kong market as a whole.

Securities / Derivatives

Dalian Exchange Launches Egg, Corn Starch, Live Pig Options

28/08/2024

The DCE, which now lists 16 options and 21 futures varieties, said the new contracts will help enterprises with risk management.

Crypto / Digital Assets

Crypto Founder Pleads Guilty for Defrauding Investor

28/08/2024

CluCoin founder Austin Michael Taylor used $1.14mn of investor funds at online casinos and “lost these investor funds to gambling”.

Enforcement

CFTC Fines BNY Mellon for Swap Reporting Failures

27/08/2024

The CFTC said BNY failed to properly report transactions, supervise its swap dealer business, and monitor staff communications.

Crypto / Digital Assets

Thai SEC Enhances Governance Standards for Crypto Firms

27/08/2024

Crypto firms must have at least five directors on their board, including two independent directors, and establish an audit committee.