Climate Risk

ASIC to Update Guidance for Carbon Market Participants

08/05/2024

The proposed updates seek to address the implications of the safeguard mechanism reforms which commenced on 1 July 2023.

PEPs & Sanctions

OFAC Deploys New Sanctions List Service

08/05/2024

The new service is intended to provide users with easy access to the most up-to-date sanctions lists and sanctions list data.

KYC & CDD

BNP Paribas Becomes Latest LEI Validation Agent

08/05/2024

BNP Paribas is the first G-SIB headquartered in the EU to join GLEIF’s Validation Agent programme.

PEPs & Sanctions

Russia Investing Accumulated Rupees in India – Reports

08/05/2024

Russia is no longer looking to repatriate its rupees as it can now invest in Indian stocks and government securities.

PEPs & Sanctions

US Revokes Licences Allowing Chip Exports to Huawei

08/05/2024

Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.

PEPs & Sanctions

EU Commission Proposes 14th Russia Sanctions Package

07/05/2024

The package targets transshipments of Russian LNG, “shadow fleet” vessels, the SPFS interbank messaging service, and non-EU companies that help Russia.

Market Abuse

Korea’s Naked Short Selling Probe Has Reached 14 Banks

07/05/2024

Two banks already face penalties. The FSS will review penalties for seven others. Five more are still being probed.

Structural Regulation

Australia Consults on Regulations for Big Four Auditors

07/05/2024

Treasury is seeking views on stronger powers for the ATO and TPB and regulations for accounting, audit and consulting firms.

Cybersecurity

Taiwan to Bolster Security Standards for E-Payments Firms

07/05/2024

The FSC asked the banking association to develop standards for electronic payment institutions based on the existing norms for banks.