Trading & Investment

Bank of Laos to Establish Centralised Foreign Exchange Market

14/08/2024

The central bank signed an MoU with 15 banks to establish the new platform, which will help the country move away from informal currency exchange channels.

PEPs & Sanctions

US to Remove Chinese Laser Sensor Maker from Blacklist

14/08/2024

The Department of Defence has reportedly decided to remove Hesai Technology Co Ltd from its blacklist of Chinese military-affiliated companies.

PEPs & Sanctions

USD, EUR Banknotes Being Shipped to Russia Despite Sanctions – Report

14/08/2024

Russia has managed to circumvent sanctions blocking cash imports by arranging transport from countries including the UAE and Turkey.

PEPs & Sanctions

Bulgarian Man Extradited to US Over Illegal Exports to Russia

14/08/2024

Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.

Supervision & Enforcement

Beijing Prosecutors Charge 49 Former Zhongzhi Employees

13/08/2024

The wealth management firm filed for bankruptcy liquidation in January after declaring it was insolvent with up to $64bn in liabilities.

Anti-Bribery & Corruption

US Court Convicts Former Mozambique Official in Bribery Case

12/08/2024

Following a four-week trial in New York, Mozambique’s former finance minister was found guilty for accepting $7mn in bribes.

Sustainable Finance

PBOC to Extend Decarbonisation Loan Support Until End 2027

12/08/2024

Under the programme, launched in 2021, FIs are asked to provide low-interest loans to companies and projects in clean energy, supported by central bank funding.

Custody & Infrastructure

Thailand SEC Launches Digital Asset Regulatory Sandbox

12/08/2024

Six types of digital asset services will be allowed to participate in sandbox testing, subject to them meeting certain qualifications.

PEPs & Sanctions

JPMorgan Requests Dismissal of NY Lawsuit Against Russia’s VTB

12/08/2024

JPMorgan said it is seeking to dismiss the lawsuit “against its will” because it faces uncertain risks if it violates an injunction issued by a Russian court.