Sanctions

New Zealand Announces New Russia-related Sanctions

12/07/2024

The sanctions target Russian weapons manufacturers, as well as the supply of Iranian drones and North Korean weapons to Russia.

Crypto / Digital Assets

Crypto Lender Celsius Files Lawsuit Against Former Users

12/07/2024

Crypto lender Celsius said users who withdrew funds in the 90 days before its bankruptcy “unfairly benefitted at the expense of other account holders”.

Crypto / Digital Assets

ASX Commences Trading in Second Spot Bitcoin ETF

12/07/2024

The ETF is managed by DigitalX Limited in partnership with K2 Asset Management and Canadian firm 3iQ.

Securities / Derivatives

HKEX Lists First ETF Tracking China SOE Performance

12/07/2024

Hong Kong official Christopher Hui said ETF listing marks a new milestone for Hong Kong’s market.

AML / KYC

UK FCA to Introduce Criminal Checks in Authorisation Process

12/07/2024

Controllers and beneficial owners of FIs would be subject to criminal background checks when they apply for authorisation or registration.

Enforcement

HK AFRC: Claims Against PwC Not Supported by Evidence

11/07/2024

The AFRC said the evidence it gathered does not support three whistleblower allegations made in April against PwC.

Sanctions

US: Two Men Plead Guilty to Russia Export Control Violations

11/07/2024

The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

Crypto / Digital Assets

Futu Securities Granted Approval to Offer Crypto in Hong Kong

11/07/2024

A licence upgrade allows Futu Securities to provide virtual asset dealing services to retail and professional investors in Hong Kong.

AML / KYC

US DOJ Secures Guilty Plea from Crypto Exec for AML Failures

11/07/2024

Paxful co-founder Artur Schaback pleaded guilty for willfully failing to establish, develop, implement, and maintain an effective AML programme.