PEPs & Sanctions

US Court Sets Jan 2026 for Huawei Sanctions Evasion Trial

08/04/2024

The trial date was set as a placeholder after settlement negotiations between the DOJ and Huawei ended in an impasse.

Emerging Prudential Risks

PBOC Establishes Re-lending Facility to Support Tech Innovation

08/04/2024

The CNY 500 billion facility will be used to support sci-tech innovation, technical transformation and equipment renewal.

Anti-Money Laundering

US, China Secure New Agreement to Cooperate on AML

07/04/2024

Janet Yellen said the US and China will share best practices and provide updates on the actions being taken to close loopholes.

PEPs & Sanctions

Japan Adds 164 More Items to Russia Export Ban List

07/04/2024

The new export restrictions and a new diamond import ban will take effect from 17 April and 10 May, respectively.

Cryptocurrency

Australian Firm Seeks to List Spot Bitcoin ETF on Cboe

06/04/2024

The “Monochrome Bitcoin ETF”, if approved, will become Australia’s first spot bitcoin ETF with direct bitcoin holdings.

Fraud, Scams & Cybercrime

US Jury Finds Terraform Labs, Do Kwon Liable for Fraud

06/04/2024

Terraform Labs and founder Do Kwon deceived investors about its algorithmic stablecoin UST, a jury found after a nine-day trial.

Fraud, Scams & Cybercrime

US Court Jails Bulgarian National Over “OneCoin” Fraud

06/04/2024

Irina Dilkinska assisted in running OneCoin’s day-to-day operations and laundered fraudulently obtained proceeds to the Cayman Islands.

Credit Risk

China Relaxes Loan Rules to Boost Auto Consumption

06/04/2024

Financial institutions can extend loans for new vehicles with no down payment, depending on the buyer’s creditworthiness.

Reporting & Disclosures

US SEC Pauses Implementation of New Climate Disclosure Rules

06/04/2024

The SEC issued an order to stay the new climate-related disclosure rules pending the resolution of six cases challenging their validity.