PEPs & Sanctions

G7 to Expand Efforts to Combat Russia Sanctions Evasion

27/05/2024

The G7 Ministers pledged to expand efforts to ensure companies and FIs are not party to Russia’s circumvention schemes.

Structural Regulation

Hong Kong REITs Allowed to Repurchase Treasury Units

27/05/2024

The requirements for SFC-authorised REITs are similar to those applicable to other listed entities, following rule amendments made last month.

PEPs & Sanctions

S. Korea, Japan Announce Sanctions Targeting DPRK-Russia Arms Trade

27/05/2024

South Korea sanctioned seven North Korean individuals and two Russian vessels; Japan sanctioned 11 entities and one individual.

Reporting & Disclosures

IFRS Foundation, GRI Agree to Align Common Disclosures

25/05/2024

The IFRS Foundation and Global Reporting Initiative will work together to optimise how GRI and ISSB Standards can be used together.

Anti-Money Laundering

J5 Disseminates Risk Indicators Tied to Crypto Assets

24/05/2024

The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.

PEPs & Sanctions

Russian President Signs Decree Allowing Confiscation of US Assets

24/05/2024

Russian entities impacted by sanctions can seek compensation through US-owned properties, companies, bank accounts, or shares located in Russia.

Market Abuse

HK: Insider Trading Prosecution May Prompt Hedge Fund Closure

24/05/2024

“It is in the best interests of our investors to return their capital in an orderly manner,” a Segantii spokesperson said.

Conduct, Culture & Accountability

HKMA Updates SPM Module to Drive Banking Sector Upskilling

24/05/2024

The revised SPM module is part of the HKMA’s effort to drive upskilling and reskilling of banking practitioners.

PEPs & Sanctions

Australia Lists the Houthis as Terrorist Organisation

24/05/2024

Listing the Houthis as a terrorist organisation complements the sanctions in place in relation to the entity, said Attorney-General Mark Dreyfus.