Capital / Liquidity

Taiwan Central Bank Raises RRR to Cool Property Market

14/06/2024

The RRR increase came alongside a new round of real estate control measures which lowered the maximum LTV ratio for second homes in designated areas.

Crypto / Digital Assets

Taiwan Crypto Industry Launches New “VASP Association”

14/06/2024

The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

Sanctions

G7 to Raise $50bn for Ukraine Using Frozen Russian Assets

13/06/2024

A $50bn loan will be taken out and the interest will be paid using profits generated by frozen Russian assets.

Enforcement

US Court Jails Two Over Sanctions Evasion Scheme

13/06/2024

A Chinese national and US citizen were jailed for attempting to broker illicit oil sales between Iran and China and launder the proceeds.

Securities / Derivatives

Sri Lanka Completes Transition to Shorter Settlement Cycle

13/06/2024

The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.

Crypto / Digital Assets

Terraform, Do Kwon Agree $4.6b Settlement With US SEC

13/06/2024

The settlement comes after a New York jury in April found Terraform Labs and Do Kwon liable on civil fraud charges.

Enforcement

US Authorities Arrest Two for Illegal Russia Export Scheme

13/06/2024

The two men engaged in a scheme to covertly sell snowmobiles to Russia through an intermediary company in Hong Kong.

Securities / Derivatives

China Considers Tighter Fund Selling Rules for Banks

13/06/2024

The NFRA is considering revisions that would block banks from selling private fund products, including hedge funds.

Enforcement

Korea’s Woori Bank Discovers Another Embezzlement Case – Report

13/06/2024

An employee at one of Woori’s branches forged documents related to loans and deposits to embezzle funds that were used to invest overseas.