Sanctions

US Sanctions Israeli NGO and Civilian Security Officer

29/08/2024

The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

Sanctions

Russia Set to Start Testing Crypto in International Payments

29/08/2024

The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

Crypto / Digital Assets

CME to Launch Weekly Bitcoin Futures on 30 September

29/08/2024

The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

Enforcement

Austal and Australian Parent Settle US Fraud Charges for $24m

28/08/2024

Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

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.