PEPs & Sanctions

Report Calls on US Congress to Review DRPK Sanctions

10/05/2024

The report warns that the enhanced partnership between Russia and North Korea could undermine the effectiveness of US policy.

Supervision & Enforcement

FCA Defends Proposal to Name Firms Under Investigation

09/05/2024

The government, lawmakers and industry worry that the ‘name and shame’ approach will harm the market and individual companies.

Stablecoins

EBA Publishes MiCA Standards for Stablecoin Authorisation

09/05/2024

New standards also set out the information that must be submitted for acquisitions in issuers of asset-referenced tokens.

Trading & Investment

Taiwan Revises Incentive Programme for Domestic Fund Managers

09/05/2024

The “Leap Forward Plan” initiative is being refined to make it more targeted towards actively managed funds rather than passively managed funds.

Cloud & Infrastructure

FSC Korea Enhances Regulatory Sandbox Mechanism

09/05/2024

The FSC is scrapping some requirements to expedite the sandbox’s application, review and approval processes.

PEPs & Sanctions

OFAC Removes Sberbank Switzerland from Sanctions List

09/05/2024

Sberbank sold its Swiss subsidiary in September 2022 and the bank was then renamed to TradeXBank Ltd.

Fraud, Scams & Cybercrime

Singapore Law Firm Pays $1.4m Ransom Demand

08/05/2024

The law firm was initially asked to pay $2mn, but the Akira ransomware group agreed to lower the amount after negotiations.

Cryptocurrency

US SEC Notifies Robinhood of Pending Enforcement Action

08/05/2024

The action is related to the cryptocurrencies offered on Robinhood’s platform, some of which may be classified by the SEC as securities.

PEPs & Sanctions

Russia Court Authorises Seizure of JPM, Commerzbank Assets

08/05/2024

The arbitration court authorised the seizure of $13.3mn from Commerzbank (Eurasia) JSC, a subsidiary of JPMorgan and Commerzbank.