Sanctions

US Sanctions Russian Individuals, Entities for Election Interference

05/09/2024

The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.

AML / KYC

Indonesia Captures Former Philippine Mayor Charged for Money Laundering

05/09/2024

The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.

Capital / Liquidity

Shanghai Pudong Development Bank Takes Control of SVB Joint Venture

05/09/2024

The NFRA has approved of Shanghai Pudong Development Bank taking full ownership of a joint venture with bankrupt Silicon Valley Bank.

Capital / Liquidity

Korea FSS Requests Capital Plans from Four Savings Banks

04/09/2024

Four savings banks have seen their capital ratios fall below recommended minimums due to loan delinquencies and related provisions.

Sanctions

US Seizes Private Jet Belonging to Venezuelan President

04/09/2024

The DOJ said the jet was illegally purchased in the US and then smuggled to Venezuela, in violation of US export control and sanctions laws.

Enforcement

US SEC Fines Six Rating Agencies for Record Keeping Violations

04/09/2024

Moody’s Investors Service and S&P Global Ratings agreed to pay $20mn, while Fitch Ratings will pay $8mn.

ESG / Sustainability

Bursa Malaysia Receives SBTi Validation for Net Zero Targets

04/09/2024

Bursa Malaysia is the first exchange in Asia to have SBTi validation for both its near- and long-term emission reduction targets.

Crypto / Digital Assets

UDPN Integrates AUDD Stablecoin into Global Platform

04/09/2024

The integration is expected to accelerate the adoption of AUDD, and reduce friction in international payments.

Sanctions

UK Suspends 30 Export Licences to Israel Over Humanitarian Concerns

03/09/2024

30 of 350 export licences to Israel were suspended due to a “clear risk” that items might be used to violate international humanitarian law.