Enforcement

Another US Court Rules Tornado Cash Sanctions Were Unlawful

23/01/2025

Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.

Enforcement

ASIC Probing ANZ for Underpaid Interest, Hardship Provisions

23/01/2025

ASIC reportedly investigating allegations that ANZ miscalculated interest on thousands of customer savings accounts.

Fintech / Regtech

Korea FSS Issues Guidance on Financial Reporting in XBRL Format

21/01/2025

The FSS is progressively expanding the use of XBRL for financial reporting but has identified some deficiencies in XBRL submissions

Enforcement

OFAC Fines Machine Tools Manufacturer for Violating Russia Sanctions

21/01/2025

OFAC said firms should ensure they implement effective measures to prevent both direct and indirect access to their goods and services by blocked persons

Sanctions

Russia, Iran Sign ‘Comprehensive Strategic Partnership Treaty’

20/01/2025

The agreement envisions the exchange of intelligence information and cooperation on security issues between Russia and Iran

Enforcement

OFAC Fines Real Estate Company for Sanctions Evasion Scheme

20/01/2025

OFAC said FIs that deal with gatekeepers should conduct sufficient due diligence to ensure they are not acting as proxies for sanctioned parties

Sanctions

OFAC Unveils Final Set of Sanctions Under Biden Presidency

19/01/2025

The latest sanctions announcements were made over the Sudan conflict, North Korean IT workers, Houthi financing and Chinese cyber attacks.

Securities / Derivatives

SEBI Proposes to Raise Threshold for Granular Disclosures by FPIs

19/01/2025

The higher threshold will reduce the number of FPIs that are subject to granular disclosure requirements thereby lowering regulatory burden and compliance costs

Fintech / Regtech

NPCI Signs Partnership to Enable UPI Payments in UAE

18/01/2025

NPCI’s international arm signed an agreement with payment solutions provider Magnati to enable QR-based UPI merchant payments through POS terminals across the UAE.