Sanctions

US Targets Almost 400 Entities in Latest Russia Sanctions Package

01/11/2024

The action targets individuals and entities across 17 jurisdictions, including India, China, Switzerland, Malaysia, Thailand, Singapore, and the UK.

US, Taiwan to Start Negotiating Agreement to Address Double Taxation

01/11/2024

Currently, Taiwanese businesses and individuals are taxed on their income by both the US and Taiwanese governments.

Enforcement

South Korea Charges BNP Paribas for Naked Short Selling – Report

01/11/2024

BNP Paribas and Australian hedge fund Regal Funds Management have reportedly been indicted for violating Korea’s short-selling rules.

Enforcement

APRA Imposes Capital Charge on Pacific International Insurance

01/11/2024

APRA said it found oversight and control deficiencies in the insurer’s binder holder business and risk management framework.

Capital / Liquidity

PBOC Injects $70b into Banking System With New Policy Tool

01/11/2024

The new policy tool, launched earlier this week, allows the PBOC to inject liquidity with a longer term than the existing seven-day reverse repo.

Securities / Derivatives

Thailand: SEC, SET Sign MoU to Enhance Supervisory Cooperation

31/10/2024

The SEC and SET will collaborate on supervision, market monitoring, enforcement of laws, and issuing regulations.

Securities / Derivatives

RBI Updates Requirements for CCPs on Governance Arrangements

31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

AML / KYC

FATF Upgrades South Korea on R.8 in New Follow-up Report

31/10/2024

The report says Korea has addressed several deficiencies in its AML/CFT framework that will help prevent the abuse of NPOs.

Sanctions

Australia Completes Review of Autonomous Sanctions Framework

31/10/2024

Most submissions to the review supported proposals to streamline the legal framework, improve the permit application process, and legislate a humanitarian exemption.