Sanctions

ING, Goldman Advance Efforts to Sell Russian Subsidiaries

01/02/2025

ING expects to complete the sale of its operations in Russia in Q3. The sale of Goldman’s Russia unit received presidential approval.

Securities / Derivatives

HKMA Will Monitor Banks’ Asset Management Activities

31/01/2025

HKMA called attention to an SFC circular which described the misconduct of asset managers as “egregious” and lacking in integrity

Enforcement

Hong Kong Court Order “Successfully Executed” on Tron Blockchain

31/01/2025

The use of tokenised legal notices opens up an avenue to recover lost funds even when the identity of those controlling crypto wallets are unknown

Enforcement

Korea Investigates Financial Planners for Alleged Ponzi Fraud

31/01/2025

PS Financial Services and Mirae Asset Financial Services are undergoing on-site inspection as part of the investigation

Sanctions

Australia Issues New Guidance on Sanctions Compliance

30/01/2025

The ASO also released a Sanctions Compliance Toolkit and a Sanctions Risk Assessment Tool to facilitate compliance with Australian sanctions laws

Sanctions

Five Indicted in DPRK Remote IT Worker Fraud Case

30/01/2025

The indictment targets five individuals including two US nationals who operated “laptop farms” at their residences

Market Infrastructure

Korea Eases Access to Government Bonds for Foreign Investors

30/01/2025

The measures come ahead of the inclusion of South Korean government bonds in the WGBI, starting in November 2025.

Sanctions

EU Imposes Cyber Sanctions Against Three Russian Actors

29/01/2025

The individuals listed were responsible for the theft of thousands of confidential documents from Estonia in 2020

Fintech / Regtech

China UnionPay to Enable QR Payments Connectivity for Indonesia

29/01/2025

Indonesia is UnionPay’s fourth country-level cross-border QR payment project in the Southeast Asian market after Cambodia, Vietnam and Laos.