Sustainable Finance

China Issues 3yr Plan to Make Coal Power Greener

24/06/2024

The plan includes financing support for eligible projects through REITs, green bonds, green lending, government investments, subsidies and other channels.

Trading & Investment

Korea: Simpler Registration Requirement Yielding More Foreign Inflows

24/06/2024

Around 300-400 new accounts are now being opened each month by foreign investors, compared to just 105 monthly during 2023.

Payments & Settlements

Malaysia, Thailand Commencing Procedures to Join BRICS

24/06/2024

Thailand has submitted a formal letter of intent to join BRICS. Malaysia has decided to join and will start work on the formal procedures “soon”.

AI Risk & Governance

EU Commission Launches Consultation on Use of AI in Finance

23/06/2024

The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers, risks and stakeholder needs.

PEPs & Sanctions

Japan Foreign Ministry Announces New Russia Sanctions

22/06/2024

The new measures include a prohibition on exports to 14 entities based in Russia, as well as companies based in China, Hong Kong, India, Kazakhstan and Uzbekistan.

PEPs & Sanctions

EU Ambassadors Agree on 14th Russia Sanctions Package

22/06/2024

The package includes sanctions on Russia’s LNG sector, the SPFS financial messaging system, and entities in third countries that allegedly helped Russia.

PEPs & Sanctions

OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab

22/06/2024

Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.

Anti-Money Laundering

Myanmar Junta Targets Privately Owned Yoma Bank and CEO

22/06/2024

Yoma Bank and its CEO are being investigated by the military junta for transferring assets to Thailand and offering financing for overseas real estate purchases.

Fraud, Scams & Cybercrime

Singapore Sets Anti-Scam Obligations for E-Commerce, Messaging Platforms

21/06/2024

Failure to comply with the new codes of practice will be considered a criminal offence under the Online Criminal Harms Act, which took effect in February.