PEPs & Sanctions

OFAC Unveils Fresh Sanctions Against Iranian Shipping Network

16/08/2024

The sanctions target companies based in the Marshall Islands, the UAE, Malaysia and Hong Kong, along with several vessels, for helping to generate revenue for the Houthis.

Trading & Investment

Shenzhen, Dubai Sign MOU on Capital Markets Cooperation

16/08/2024

Under the MOU, SZSE and DFM will explore the potential for future dual listings and ETF connectivity between the two markets.

Anti-Money Laundering

Macau to Criminalise Unauthorised Money Exchange in Casinos

15/08/2024

Those offering unauthorised currency exchange services to gamblers inside casinos and their ancillary facilities would face up to five years in prison.

Fraud, Scams & Cybercrime

AFCA Calls on Super Funds to Adopt Anti-Scam Measures

15/08/2024

AFCA’s Heather Gray said more sophisticated scam activity is occurring in superannuation, in line with trends in the banking sector.

Cryptocurrency

US IRS Publishes Updated Tax Reporting Form for Crypto

15/08/2024

The updated Form 1099-DA, which will start to apply in early 2026, is more streamlined than the version proposed in April.

Stablecoins

Ripple Starts Testing Stablecoin for Cross-border Payments

15/08/2024

Ripple plans to use both “RLUSD” and XRP in cross-border payments to serve global customers and “dramatically improve their experience”.

Supervision & Enforcement

US Treasury Offers Additional Transparency on CFIUS Enforcements

15/08/2024

More information is now available about CFIUS enforcement actions imposed since 2022, the largest being a $60m penalty against T-Mobile.

AI Risk & Governance

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.

Trading & Investment

FSS Korea Launches Investigation Into Top Four ETF Issuers

15/08/2024

The investigation will focus on whether ETFs were supported by group affiliates and whether unfair arrangements were in place with liquidity providers.