Sanctions

OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds

01/12/2023

OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.

Crypto / Digital Assets

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.

APRA Consults on Next Phase of Super Fund Reporting Requirements

30/11/2023

The new collections will include data on trustee boards, product distribution arrangements, investment governance, investment manager costs, and financial statements.

Enforcement

Korean Banks, Brokers, Execs Sanctioned Over Mis-sold Funds

30/11/2023

A number of CEOs and former CEOs were sanctioned over the mis-selling of funds tied to Lime Asset Management and Optimus Asset Management.

SEBI to Amend Regulatory Framework for Special Situation Funds

30/11/2023

The revised framework proposes a dedicated supervisory framework for Special Situation Funds, and a prohibition on investing in related parties.

Securities / Derivatives

UK Court Rules That LME Nickel Trade Cancellations Were Lawful

30/11/2023

The court ruling supports the LME’s argument that its actions in March 2022 were necessary to prevent a potential market collapse.

Sanctions

OFAC Sanctions Hong Kong, Singapore Companies for Iran Trade

30/11/2023

Sanctions target more than 20 individuals and entities accused of facilitating Iranian defence sector through companies in Hong Kong, Singapore, and elsewhere.

ESG / Sustainability

Bursa Malaysia and UN Global Compact Network Collaborate on Sustainability

29/11/2023

Bursa Malaysia and UNGCMYB will explore several initiatives to support the upskilling of sustainability practitioners of PLCs and SMEs.

AML / KYC

MAS Spotlights Interest Rate and Money Laundering Risks

29/11/2023

The latest Financial Stability Review discusses the impact of rising global interest rates on households and increased concerns over money laundering.