Enforcement

US Finalises Rule to Expand Enforcement Authorities of CFIUS

20/11/2024

The final rule increases penalties for violations and expands the types of information CFIUS can demand from transacting parties and third parties.

Enforcement

CSRC Takes Over Futures Firm for “Out-of-control Management”

20/11/2024

Hehe Futures Co Ltd is controlled by Lin Qiang, a fugitive tycoon who was arrested in Indonesia last month after fleeing China in August 2023.

Crypto / Digital Assets

Nasdaq Launches Options Trading on BlackRock’s Bitcoin ETF

20/11/2024

On the first day of trading, the options contract saw a record-breaking $1.9bn in notional exposure and drove Bitcoin to an all-time high.

Enforcement

US Agencies Probe AML Policies and Systems at Citi – Reports

20/11/2024

The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.

Market Infrastructure

CSRC to Launch New Round of Market Reforms

20/11/2024

Top CSRC officials said at the HKEX Connect Summit that a better environment will be created for international investors.

Sanctions

OFAC Sanctions Israeli Group Over West Bank Violence

20/11/2024

Amana is the largest entity targeted with US sanctions for violence in the occupied West Bank by Israeli settlers.

Fintech / Regtech

RBI to Launch Public Cloud for Financial Services Industry

19/11/2024

The RBI programme will use only local IT firms to offer cloud data storage to financial firms at affordable prices.

Sanctions

Australian Court Upholds Sanctions Ruling in Alumina Dispute

18/11/2024

The judgment suggests that a sanctioned person can have a shareholding of far less than 50% in a company for it to be considered sanctioned.

Sanctions

OFAC Targets Syrian Group Funding Iran’s Quds Force, Houthis

18/11/2024

OFAC sanctions target 13 vessels and companies in Lebanon, Panama, Iran, and the Marshall Islands that own or manage the vessels.