PEPs & Sanctions

US Commerce Dept Expands Export Controls Against Iran

24/07/2024

The expansion of export controls seeks to address concerns regarding Iran’s potential use of US technology in weapons systems.

PEPs & Sanctions

Japan Imposes First Sanctions Against Israelis in West Bank

24/07/2024

Japan designated four Israeli settlers involved in violent acts against Palestinians as targets for asset freezing measures.

PEPs & Sanctions

OFAC Issues New Form for Reporting Russian Sovereign Assets

24/07/2024

The form is part of implementing a law passed in April to enable the confiscation of Russian sovereign assets frozen in the US.

AI Risk & Governance

China Concludes Third Plenum With Release of Economic Blueprint

23/07/2024

The blueprint for the economy mostly reiterates policy priorities that have been announced over the last few years.

AI Risk & Governance

Korea to Allow Sale of Pension Products That Use AI

23/07/2024

Firms that passed a review can apply for designation as “innovation financial services” in September and sell AI-driven pension products online in December.

Emerging Prudential Risks

PBOC Unexpectedly Cuts Rates to Stimulate Economy

23/07/2024

The PBOC also said banks can apply for a phased reduction or exemption of MLF collateral if they intend to sell medium- and long-term bonds.

Structural Regulation

TAIFEX Amends Rules to Increase Penalties for Violations

23/07/2024

The amendments aim to enhance information security standards within futures firms, and better align with penalties in the securities market.

Market Data & Technology

Tokyo Bourse Now Requires Earnings Reports in HTML Format

23/07/2024

The TSE has been testing the use of HTML format for disclosures by listed companies since December 2021. HTML submission is now mandatory.

Fraud, Scams & Cybercrime

Philippines Enacts Anti-Financial Account Scamming Act

22/07/2024

The law institutionalises penalties for social engineering-related crimes and online scams, including the use of mule accounts.